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

Mathematics

Carmelo Patrick

22 March, 02:34

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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Answers (1)

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Xavier Greene · Answer 1

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.