To Win at LOTTO in a Certain State, One Must

question 32

Multiple Choice

To win at LOTTO in a certain state, one must correctly select 6 numbers from a collection of 52 numbers (onethrough 52.) The order in which the selections is made does not matter. How many different selections arepossible?

• A) 20,358,520
• B) 18,009,460
• C) 312
• D) 720

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Definitions:

Strike Price

The price at which the holder of an option contract can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.

Risk-free

An investment category that promises return payments with zero default risk, often exemplified by treasury bonds of stable governments.

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a specific time period.

Put

A put is an options contract giving the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a predetermined price before the contract expires.