Question 594668
a)
The probability that any single number will be the lucky one = 1/10^3 = 1/1000
E=ap Where a is the amount and p the probability.
E = 500 * 1/1000 = $0.50
.
b)
123 box = 3! = 6 chances to win
E = 80 * 6/1000 = 480/1000 = $0.48
.
Ed