Business, 16.02.2021 01:30 bultron1966
5. [Pick 3] [20 points] The state of Illinois has several state-wide lottery options. One is the Pick 3 game in which you pick one of the 1000 three-digit numbers between 000 and 999. The lottery selects a three-digit number at random. It takes $1 to buy a Pick 3 ticket. You win $500 if your number is selected and nothing ($0) otherwise. The distribution of the net profit X from a Pick 3 ticket is hence:
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5. [Pick 3] [20 points] The state of Illinois has several state-wide lottery options. One is the Pic...
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