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July 31, 2014

July 31, 2014

Posted by **Jamie** on Sunday, October 24, 2010 at 10:15pm.

In the lottery from the before, what is the probability that you pick the winnin number?

In the Lottery from number 1, you pay the state of cailfornia 1 dollar for a ticket. If you pick the winning number, your state pays 10,000,000. What is the expected value of buying one ticket for you?what is expected value of you of you buying one ticket for the state?

- Liberal arts math -
**Reiny**, Sunday, October 24, 2010 at 11:17pmtotal number of choices for 6 from 42

= C(42,6) = 5245786

so the prob of winning = 1/5245786

expected winnning = (1/5245786)(10000000) = 1.9

(This lottery is going bankrupt !)

- Liberal arts math -
**Jamie**, Monday, October 25, 2010 at 2:14amwhat is the expected value for buying a ticket?

- Liberal arts math -
**OTHNIEL.S**, Friday, May 10, 2013 at 2:19pmCAN YOU HELP ME

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