Answer:
The expected payout of the game is $230.46.
Step-by-step explanation:
The given table is
Payout Amount : $160 $4400 $145000
Probability : 0.146 0.024 0.0007
We need to find the expected payout of the game.
The formula for expected payout is

where, n is amount and P(x) is probability of that event. The value of n is negative for loss.
Using the above formula we get



Therefore the expected payout of the game is $230.46.
It is easier to understand the problem if you create a number based on the criteria and then perform the computations. I am going to choose: 111 22 33 4
There are 10 options for the first "1" and only 1 option for the other two 1's
There are 9 remaining options for the first "2" and only 1 option for the other 2
There are 8 remaining options for the first "3" and only 1 option for the other 3
There are 7 remaining options for the "4"
10 x 1 x 1 x 9 x 1 x 8 x 1 x 7
10 x 9 x 8 x 7 = 5,040
Answer: 5,040
Answer:
331
Step-by-step explanation:
Add 74 + 46 + 57 = 177
Add 9 + 36 = 45
Add 45 + 46 = 91