What Is The Probability Of Winning If You Play Just One Number Statistics Homework Help

Maryland has a lottery game entitled “Pick 4.” To win, a player must correctly match four digits from a daily lottery in which four digits are selected.

Question #1 – What is the probability of winning if you play just one number?

Question #2 – In the Pick 4 lottery, for a bet of $100, the payoff is $5000. What is the value of winning? Is it worth it?

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