(Solution Library) In a particular state's lottery, you pick 5 different numbers (white balls) between 1 and 48, and a another ball (yellow ball) between
Question: In a particular state's lottery, you pick 5 different numbers (white balls) between 1 and 48, and a another ball (yellow ball) between 1 and 18 for each $2 play. Once a ball is picked, it does NOT go back in the bin and the order does NOT matter. You MUST show your work for this question (Excel is OK).
- What is the probability of winning the big jackpot by picking all the numbers, both white and yellow balls?
- What is the probability of winning by picking 0 white balls and not the yellow one (getting none of the numbers)?
- What is the probability of winning by picking 3 out of 5 white balls and the yellow one?
- How much is the expected return of winning a $150 prize in part c)?
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Deliverable: Word Document 