A lottery ticket costs $5. You pick 3 two-digit numbers (anything from 00 to 99) in order. If you match the first number only, you win $200. If you match the first two numbers and not the third, you win $5000. If you match all three numbers, you win $100,000. In two or more complete sentences, explain whether or not the game is fair. In your explanation, include all necessary calculations.

Question

11-03-2017
Mathematics

contestada

A lottery ticket costs $5. You pick 3 two-digit numbers (anything from 00 to 99) in order. If you match the first number only, you win $200. If you match the first two numbers and not the third, you win $5000. If you match all three numbers, you win $100,000. In two or more complete sentences, explain whether or not the game is fair. In your explanation, include all necessary calculations.

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Аноним Аноним · Answer 1 · 2017-03-11T17:16:51+01:00

00 to 99 are 100 numbers.
If you match the first number only, you win $200. The Probability for this is 1/100.
If you match the first two numbers and not the third, you win $5000. The Probability for this is 1/50.
If you match all three numbers, you win $100,000. The Probability for this is 3/100.
And, If you are a customer, You will think is fair for you.
But if you are the lottery tickets company, you will think is not fair for you.
It depends who you are.

20sveairving1 20sveairving1 · Answer 2 · 2019-05-09T03:25:06+02:00

20sveairving1 20sveairving1

09-05-2019

Answer:

It is unfair either way. Wether its a customer or company.

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