- #1
eldrick
- 52
- 0
there is an interesting show I've caught on satellite which is based on a domestic lottery
you are given the choice of having 100,000 lottery tickets or a $20,000 cash prize
now to simplify, the odds of matching 3 balls out of 6 is
~ 1 in 56.6
& the prize for matching 3 balls is $10
if you used a rough calculation, you are likely to win ( just considering 3 balls )
100,000 *( 1/56.6)* 10 =
$17,660
if you took the option of 100,000 tickets
now, I'm asking what are the precise odds of winning $20,000 ( 2,000 winning "3 ball" tickets ) ?
i believe it may be something along the lines of
( (1/56.6) ^ 2000 ) * (55.6/56.6) ^98000 ) * no. of ways you can ?permute/ ? combine 2000 draws amongst 100,000
any help would be gratefully appreciated
you are given the choice of having 100,000 lottery tickets or a $20,000 cash prize
now to simplify, the odds of matching 3 balls out of 6 is
~ 1 in 56.6
& the prize for matching 3 balls is $10
if you used a rough calculation, you are likely to win ( just considering 3 balls )
100,000 *( 1/56.6)* 10 =
$17,660
if you took the option of 100,000 tickets
now, I'm asking what are the precise odds of winning $20,000 ( 2,000 winning "3 ball" tickets ) ?
i believe it may be something along the lines of
( (1/56.6) ^ 2000 ) * (55.6/56.6) ^98000 ) * no. of ways you can ?permute/ ? combine 2000 draws amongst 100,000
any help would be gratefully appreciated