Answer question e

Points: 0 of 1 Save In a state's Pick 3 lottery game, you pay $1.25 to select a sequence of three digits (from 0 to 9), such as 555. If you select the same sequence of three digits that are drawn, you win and collect $319.49. Complete parts (a) through (e). 1000 b. What is the probability of winning? 0.001 (Type an integer or a decimal.) c. If you win, what is your net profit? $ 318.24 (Type an integer or a decimal.) d. Find the expected value. $ - 0.93 (Round to the nearest hundredth as needed.) e. If you bet $1.25 in a certain state's Pick 4 game, the expected value is - $0.93. Which bet is better, a $1.25 bet in the Pick 3 game or a $1.25 bet in the Pick 4 game? Explain. O A. Neither bet is better because both games have the same expected value. O B. The Pick 4 game is a better bet because it has a larger expected value. SLIKE SHARE O C. The Pick 3 game is a better bet because it has a larger expected value