stats question 8

stats question 8

October 23rd a winning ticket was sold for the for the largest Mega Millions jackpot in history.

https://www.npr.org/2018/10/20/659159997/at-1-6-billion-mega-millions-hits-lottery-record

The odds of winning the lottery are not good, specifically the odds of winning the mega millions jackpot is 1 in 302,575,350. This is calculated using classical probability as follows:

1 winning set of #s divided by the total number of different mega millions tickets where the

total possible combinations of 70 integers choose 5 and 25 integers choose 1 = (70 C 5) * (25 C 1) = 302,575,350

Listen to the NPR story about a guy who flipped the odds of winning the lottery and figured out how to guarantee a win.

https://www.npr.org/2018/10/23/659988605/the-odds-of-winning-the-lottery-are-not-good-but-this-man-managed-to-flip-them

 
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