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related to: ohio lottery

1. ### Statistics... Ohio 's irresistible lottery ?

You multiply the probability of each outcome with the expected winnings. So: \$500 * 1/1000 for the 3 digit = .5 \$5000*1/10000 for the 4 digit = .5 There is no difference as to which game you play.

2 Answers · Science & Mathematics · 21/10/2007

2. ### Lottery Odds: Advanced Probability Calculations?

...may help you apply the same principals to the Ohio lottery : The odds of winning the record... show that any jackpot winner for this specific lottery has less than a 3% chance of being the...

1 Answers · Science & Mathematics · 05/07/2013

3. ### Easy Question for Math Majors about the Lottery ...?

...come closer to half and half. It is simply a coincidence that the lottery numbers have been starting with the same digit for a few ...

7 Answers · Science & Mathematics · 19/03/2007

E(pick4) = 0.0001*5000 - 0.9999*1 = 0.5 - 0.9999 = -0.4999 E(pick3) = 0.001*500 - 0.999*1 = 0.5 - 0.999 = -0.499 E(pick3) > E(pick4) answer = better off playing PICK 3.

1 Answers · Science & Mathematics · 08/03/2008

5. ### Math problem help...?

1) 27, 284 /1500 = 18.189 ANSWER 19 guards 2) 265,000,000 / 7 = 37,857,142 \$

4 Answers · Science & Mathematics · 15/02/2013

Probability of getting at least one correct number is complement of the probability of getting no correct number. The probability of getting every number incorrect is (9/10)^7. So probability of getting at one correct...

3 Answers · Science & Mathematics · 12/12/2010

if you are doing both then: you have 8/9 chances of being wrong with every draw so (8/9)^7=.438462386 so your chances of being right one time would be (1-.438462386)*100=56.1537614% if you are doing one or the other then: Pick 3: 8/9 of being wrong...

4 Answers · Science & Mathematics · 12/12/2010

8. ### Statistics problem.?

...make sense for the expected payout of any type of gamble to be positive, otherwise lotteries and casinos would go out of business.

4 Answers · Science & Mathematics · 06/03/2008

9. ### Math homework help?

...each winner change if more workers had participated in the lottery pool? If fewer workers had participated...

1 Answers · Science & Mathematics · 18/10/2016

10. ### Statistics question...?

The games are equivalent in terms of expected winnings. In the first game: E(X) = 5000/10000 = \$0.50 In the second game: E(X) = 500/1000 = \$0.50 The expected value is...

1 Answers · Science & Mathematics · 21/10/2007