SOLUTION: A lottery game allows you to select a 3-digit number using the digits 0, 1, 2, and 3. You may use the same digit more than once. If you pick the winning number, you are paid $25 on

Question 1042800: A lottery game allows you to select a 3-digit number using the digits 0, 1, 2, and 3. You may use the same digit more than once. If you pick the winning number, you are paid $25 on a $1 bet. (Round your answers to the nearest cent.)
a.) what is the average payoff?
b.) how much would you expect to lose, on the average, per $1 bet?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
There are possible combinations.
So then,

So you should expect to lose,

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