Two major lottery games, Mega Millions and Powerball serve as de facto national lotteries. Which lottery game is available in your area? What is the probability of winning? What are the odds of winning? What is the expected value for the minimum payout for winning? What is the current expected value? Many people play the lottery because they say, "someone has to win"? What do you think of this statement? Many people don't play the lottery because they say, "you are more likely to be struck by lightening", "you are more likely to be bitten by a shark", "it is more likely that it will snow in Death Valley" or something similar. What do you think of these statements? Investigate the probability of one of these random events (or something similar) happening?
Two major lottery games, Mega Millions and Powerball serve as de facto national lotteries. Which lottery game is available in your area? What is the probability of winning? What are the odds of winning? What is the expected value for the minimum payout for winning? What is the current expected value? Many people play the lottery because they say, "someone has to win"? What do you think of this statement? Many people don't play the lottery because they say, "you are more likely to be struck by lightening", "you are more likely to be bitten by a shark", "it is more likely that it will snow in Death Valley" or something similar. What do you think of these statements? Investigate the probability of one of these random events (or something similar) happening?
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 50E: Flexible Work Hours In a recent survey, people were asked whether they would prefer to work flexible...
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Transcribed Image Text:Two major lottery games, Mega Millions and Powerball serve as de facto national
lotteries. Which lottery game is available in your area? What is the probability of
winning? What are the odds of winning? What is the expected value for the
minimum payout for winning? VWhat is the current expected value?
Many people play the lottery because they say, "someone has to win"? What do
you think of this statement?
Many people don't play the lottery because they say, "you are more likely to be
struck by lightening", "you are more likely to be bitten by a shark", "it is more likely
that it will snow in Death Valley" or something similar. What do you think of these
statements? Investigate the probability of one of these random events (or
something similar) happening?
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