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Mathematics, 12.03.2021 15:10 dnarioproctor

In a similar state lottery, a person picks one of the 10,000 four-digit numbers between 0000 and 9999 and (with a $1 bet) wins $7500 if he/she gets it correct. In terms of expected winnings, with which game is a player better off − playing this game, or playing the first game in which the person wins $750 for a correct choice of a three-digit number? Justify your answer. Choose the correct answer below.

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