Mathematics, 28.10.2019 11:31 emaleyhughes21
For many years, organized crime ran a numbers game that is now run legally by many state governments. the player selects a three-digit number from 000 to 999. there are 1000 such numbers. a bet of $2 is placed on a number, say number 115. if the number is selected, the player wins $1000. if any other number is selected, the player wins nothing.
find the expected value for this game and describe what this means.
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For many years, organized crime ran a numbers game that is now run legally by many state governments...
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