Question: Pick 4 Refer to Example 8.10. In the Pick 4 game of the Tri-State Daily Numbers, you pay $1 and choose a four-digit number. Th

Pick 4 Refer to Example 8.10. In the Pick 4 game of the Tri-State Daily Numbers, you pay $1 and choose a four-digit number. Th e state chooses a fourdigit winning number at random and pays you $5000 if your number is chosen.

(a) What’s the probability that you win? Show your method clearly.

(b) Find the expected value of your winnings from playing Pick 4.

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