# Easy stats problem ...
**URL:** https://forums.speedlife.net/t/easy-stats-problem/39619
**Category:** NYSpeed Off Topic
**Created:** [December 2, 2007, 5:13pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619 "2007-12-02T17:13:06Z")
**Posts on this page:** 9
**Page:** 1
### Author:  [@turbo\_ls1\_ss](https://forums.speedlife.net/u/turbo_ls1_ss)
#### Post date: [December 2, 2007, 5:13pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619/1 "2007-12-02T17:13:06Z")
okay boys, im having a brain fart… this is probably a stupid easy problem… i need to make sure i get a hundo on this. if someone could do this it would be much appreciated. thanks:
```
The local lottery sets up a game wherein a player has a chance of collecting $750.
```
The player must choose a 3-digit number and if it matches, the player receives $750
It costs $1 to play the game.
What is the expected profit (or loss) for each player.
No words, if it’s a loss of $0.02, write it as -$0.02
NOT loss of 2 cents.
The FORMAT that is expected :
$4.00, -$4.00 etc. (Neither of which is correct!)
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### Author:  [@Firehawk853](https://forums.speedlife.net/u/Firehawk853)
#### Post date: [December 2, 2007, 5:18pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619/2 "2007-12-02T17:18:59Z")
Ironic after reading your sig LOL
-$1.00 ?
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### Author:  [@turbo\_ls1\_ss](https://forums.speedlife.net/u/turbo_ls1_ss)
#### Post date: [December 2, 2007, 5:19pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619/3 "2007-12-02T17:19:49Z")
lol shutup.
and no i dont think that’s right
the wording it stupid… UGH
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### Author:  [@brent\_strong](https://forums.speedlife.net/u/brent_strong)
#### Post date: [December 2, 2007, 5:21pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619/4 "2007-12-02T17:21:50Z")
That question is dumb as shit. I have no idea what they’re looking for.
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### Author:  [@turbo\_ls1\_ss](https://forums.speedlife.net/u/turbo_ls1_ss)
#### Post date: [December 2, 2007, 5:22pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619/5 "2007-12-02T17:22:29Z")
I KNOWWW. lol. its not clear
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### Author:  [@joelster](https://forums.speedlife.net/u/joelster)
#### Post date: [December 2, 2007, 5:27pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619/6 "2007-12-02T17:27:19Z")
It’s just dumb probability. there are 1000 different choices ie: 000-999 each costing a dollar to do so. Basically they want to know how much each player will spend to hit it.
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### Author:  [@turbo\_ls1\_ss](https://forums.speedlife.net/u/turbo_ls1_ss)
#### Post date: [December 2, 2007, 5:29pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619/7 "2007-12-02T17:29:01Z")
i pretty much figure its (.1 \*.1 \*.1) = .001 (1/10 chance to guess between 0-9 for three digits. since that leaves ~0% of winning, you lose the whole dollar. so i see where chuck is coming from, but it just seems too easy
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### Author:  [@turbo\_ls1\_ss](https://forums.speedlife.net/u/turbo_ls1_ss)
#### Post date: [December 2, 2007, 5:34pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619/8 "2007-12-02T17:34:41Z")
it doesnt tell you how many times you can play though
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### Author:  [@turbo\_ls1\_ss](https://forums.speedlife.net/u/turbo_ls1_ss)
#### Post date: [December 2, 2007, 5:37pm UTC](https://forums.speedlife.net/t/easy-stats-problem/39619/9 "2007-12-02T17:37:52Z")
-.25
i get it now
stupid