As of this writing, the Powerball lottery is run in 42 states. If you buy one ticket, the probability of winning is 1/195,249,054. If you buy one ticket each week for 50 years, you play this lottery 2600 times.
a. Find the mean and standard deviation for the number of wins for people who buy a ticket each week for 50 years. Express the results using six decimal places.
b. Would it be unusual for someone to win this lottery at least once if they buy a ticket each week for 50 years?

  • CreatedMay 03, 2015
  • Files Included
Post your question