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4. At a local fundraising, you can purchase a ticket for $5, and select 3 numbers...


4. At a local fundraising, you can purchase a ticket for $5, and select 3 numbers in any order from 1 to 20. The fundraisers also select 3 numbers. If you have all 3 winning numbers, then you win $50. If you have exactly 2 winning numbers, then you win $10. And finally, if you have exactly 1 winning number, then you win $5. (a) (6 points) Complete the table below. The Number of The Amount of The Probablity of Net Gain In Reduced Fraction Winning Numbers Net Gain 3 0 nlog (b) (3 points) Use your calculator to find the expected value per ticket. bn (e) (3 points) Are the fundralsers making or losing money per ticket sold? Bx- plain. 03 10
4. At a local fundraising, you can purchase a ticket for $5, and select 3 numbers in any order from 1 to 20. The fundraisers also select 3 numbers. If you have all 3 winning numbers, then you win $50. If you have exactly 2 winning numbers, then you win $10. And finally, if you have exactly 1 winning number, then you win $5. (a) (6 points) Complete the table below. The Number of The Amount of The Probablity of Net Gain In Reduced Fraction Winning Numbers Net Gain 3 0 nlog (b) (3 points) Use your calculator to find the expected value per ticket. bn (e) (3 points) Are the fundralsers making or losing money per ticket sold? Bx- plain. 03 10
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