Solving Lottery Probability Question: (m t) >= 8.26E6

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Homework Help Overview

The discussion revolves around a probability question involving the expression (m t) >= 8.26E6. Participants are attempting to understand and solve this inequality in the context of probability theory.

Discussion Character

  • Exploratory, Assumption checking

Approaches and Questions Raised

  • Some participants suggest using a Poisson distribution due to the large value of N, while others propose a Binomial distribution as a more accurate representation. There is also a request for clarification on the meaning of "(m, t)" to facilitate further discussion.

Discussion Status

The discussion includes various interpretations of the problem, with some participants providing insights into potential statistical approaches. However, there is a lack of clarity regarding the variables involved, which is hindering progress.

Contextual Notes

There is uncertainty about the definitions of the variables "(m, t)", which is critical for understanding the problem. This ambiguity is noted as a barrier to providing assistance.

superwolf
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Probability question

How do I solve

(m t) >= 8.26E6

?
 
Last edited:
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I guess that you can represent it by a Poisson since N is large. I think that a Binomial( 1.859E-7, 19million) would describe X more accurately.

If it were a binomial, then the expected value would be np = 19mil*1.859e-7. Your Poisson needs to have the same expected value, and since Poisson has only one parameter, lambda, which represents both the expected value and the variance, you know the answer.
 
Thanks, I solved it and changed the topic.
 
I don't understand the question
 


superwolf said:
How do I solve

(m t) >= 8.26E6

?

Without knowing what "(m, t)" means, I don't see how anyone can help!
 

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