The California Lottery's Super Lotto Plus Game Involves Picking Five

question 42

Multiple Choice

The California Lottery's Super Lotto Plus game involves picking five numbers between 1 and 47.There are 1,533,939 different ways that five numbers could be picked, and 571,341 different ways to pick at least one pair of consecutive numbers in this lottery game.What is the probability a person playing this game picks at least one pair of consecutive numbers?

• A) 0.3725
• B) 2.684564
• C) 0.0213
• D) 0.47

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life.

Cash Break-Even

The point at which a business's cash inflows equal its cash outflows, excluding financing or investment income.

Straight-Line Depreciation

An operation for dividing up the expense of a tangible asset throughout its active life in uniform annual totals.

Required Rate of Return

This refers to the minimum expected yield by investors to compensate for the risk of the investment.