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StatisticsQ&A LibraryPowerball: Poisson Approximation to Binomial There is a 1/292,201,338 probability of winning the Powerball lottery jackpot with a single ticket. Assume that you purchase a ticket in each of the next 5200 different Powerball games that are run over the next 50 years. Find the probability of winning the jackpot with at least one of those tickets. Is there a good chance that you would win the jackpot at least once in 50 years?Question

Powerball: Poisson Approximation to Binomial There is a 1/292,201,338 probability of winning the Powerball lottery jackpot with a single ticket. Assume that you purchase a ticket in each of the next 5200 different Powerball games that are run over the next 50 years. Find the probability of winning the jackpot with at least one of those tickets. Is there a good chance that you would win the jackpot at least once in 50 years?

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