SOLUTION: Reposted Question: In a scratch-off lottery ticket game, (A) The chance of matching 3 digits is 1 in 1000, (B) The amount in a matching ticket of the 3 digits is usually $500, m

Algebra.Com
Question 1199420: Reposted Question:
In a scratch-off lottery ticket game, (A) The chance of matching 3 digits is 1 in 1000, (B) The amount in a matching ticket of the 3 digits is usually $500, meaning the state is making $500 for every 1000 tickets sold. Price of ticket: $2.
How are (A) and (B) calculated? I am not familiar with the ticket - I have not purchased them.
Answer by ikleyn(52905)   (Show Source): You can put this solution on YOUR website!
.

Question  (A)  was just answered under this link

https://www.algebra.com/algebra/homework/word/misc/Miscellaneous_Word_Problems.faq.question.1199401.html



Question  (B)   (or its  TWIN)   was just answered under this link

https://www.algebra.com/algebra/homework/word/misc/Miscellaneous_Word_Problems.faq.question.1199414.html



        Please do not post duplicates and twin questions to this forum.




RELATED QUESTIONS

Reposted Question: In a scratch off lottery ticket game, the chance of matching 3... (answered by ikleyn)
In a scratch off lottery ticket of 3 digits, (A) the chances of matching those digits is... (answered by ikleyn)
If a lottery scratch card has a 1 in 4 chance of winning, would I be better off buying 4... (answered by stanbon)
A local lottery is selling scratch-off tickets for $3.00 each. There are nine... (answered by mathmate)
In a certain instant lottery game comma the chance of a wininstant lottery game, the... (answered by ikleyn)
The chance of winning a lottery game is 1 in approximately 21 million. Suppose you buy a... (answered by stanbon)
The chance of winning a lottery game is 1 in approximately 24 million. Suppose you buy a... (answered by Boreal)
Robert bought a $5 lottery ticket such that 1 in 100 would win $10, 1 in 1000 would win... (answered by VFBundy)
The lottery commission has designed a new instant lottery game. Players pay $1.00 to... (answered by oscargut)