3 pts Details A city has a game called Pick 4. Each player pays
$6
and picks one four-digit number (from 0000 to 9999 , so there are ten thousand possible choices). If the number you pick is randomly selected, then you win
$2100
. a) Fill in the table below to create a discrete probability distribution for a player's winnings. Give probabilities as fractions. \table[[,Lose,Win],[
x
,,],[
P(x)
,,]] b) If someone plays this game, what is their expected value?
E=$
◻
c) Given a game with slightly different information, Jeremiah decides that the expected value of their game is
$-1.18
. (Don't be concerned if this is not what you found; it's a different game.) Which of the following would be the correct interpretation of this? Every time you play Jeremiah's lottery you will lose
$1.18
. Every time you play Jeremiah's lottery you will win
$1.18
. If you play Jeremiah's lottery many times, you can expect to lose an average of
$1.18
per game. If you play Jeremiah's lottery many times, you can expect to win an average of
$1.18
per game. Every time you play Jeremiah's lottery you will lose. Every time you play Jeremiah's lottery you will win.