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in a state's lotery, you can bet $1 by selecting three digits, each between 0 and 9 inclusive. If the same throe numbers are drwwn in the same order, you win and colloct $500. Complete parts ( 9 ) hrough (e). a. How many diferent soiections are possible? b. What is the probabllty of winning? (Simplify your answer) c. I you win, what is your net profit? 54997 (Type an integet or a decimal, Do not round) d. Find the expected value for a $1 bet. 3=0.50% (Type an integer or a decimal. Do not round.) e. If you bet 51 on a certain casino game, the expected value is -2.64 . Which bet is boter in the sense of producing a higher expected value: a $1 bet on the state's lottery or a 51 bet on the casino game? Explain. A. Neither bet is better because both games have the same expected value B. The state's lottery is a better bet bocacise it has a targer expected vahue C. The casino game is a better bet because it has a targer expected value. D. It is impossible to compare the values because they have difforent unite..

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in a state's lotery, you can bet $1 by selecting three digits, each between 0 and 9 inclusive. If the same throe numbers are drwwn in the same order, you win and colloct $500. Complete parts ( 9 ) hrough (e). a. How many diferent soiections are possible? b. What is the probabllty of winning? (Simplify your answer) c. I you win, what is your net profit? 54997 (Type an integet or a decimal, Do not round) d. Find the expected value for a $1 bet. 3=0.50% (Type an integer or a decimal. Do not round.) e. If you bet 51 on a certain casino game, the expected value is -2.64 . Which bet is boter in the sense of producing a higher expected value: a $1 bet on the state's lottery or a 51 bet on the casino game? Explain. A. Neither bet is better because both games have the same expected value B. The state's lottery is a better bet bocacise it has a targer expected vahue C. The casino game is a better bet because it has a targer expected value. D. It is impossible to compare the values because they have difforent unite.

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