pick 4 lottery ohio

pick 4 lottery ohio

probabily problem help?

In Ohio "pick four" of the lottery, you choose one of the 10,000 numbers of four digits between 0000 and 9999 and (with a $ 1 bet) to win $ 5,000 if you get correct. In terms of earnings expectations, with our game is best played outside the "pick 4 "or playing" pick 3 "in which you can earn $ 500 for a correct choice of a three digit number? Please justify your answer

You have the opportunity to 1 / 10000 to win $ 5,000 and a chance to win $ 9999 / 10000 0. Therefore its expected profits are: 5000 * 1 / 10000 + 0 * 9999 / 10000. This is $ 0.50 for a pick 3, you have a / 1000 chance to win 1500 dollars. So this is also a winner expected $ 0.50. The expected profits are the same.

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