A reporter working on a story about the New York lottery contacted one of the authors of
Question:
The reporter thinks that by identifying the outlets with the highest fraction of bets paid out, players might be able to increase their chances of winning. Typicallybut not alwaysinstant winners are paid immediately (instantly) at the store at which they are purchased. However, the fact that tickets may be scratched off and then cashed in at any outlet may account for some outlets paying out more than they take in. The few with very low payouts may be on interstate highways where players may purchase cards but then leave.
a) Explain why the plot has this funnel shape.
b) Explain why the reporter's idea wouldn't have worked anyway.
Step by Step Answer:
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock