1. A person buys a lottery ticket each week. The ticket price is $2. The person selects...

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1. A person buys a lottery ticket each week. The ticket price is $2. The person selects five numbers from 1 through 69.

2. Generate the 5 winning numbers (the state numbers) randomly

3. Calculate the prize for each play according to the following Power Ball Prizes table.

4. Continue for 30 years.

5. Calculate the total prize after 30 years

6. Calculate the probability of winning the jackpot (match all 5 number) at least once in 30 years.

7. Draw your conclusion

Related Book For answer-question

Elementary Statistics

ISBN: 9780321691231

8th Edition

Authors: Neil A. Weiss

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Posted Date: Feb 17, 2023 03:06 AM

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1. A person buys a lottery ticket each week. The ticket price is $2. The person selects...

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1 Each week the person spends 2 on a lottery ticket and selects five numbers from 1 through 69 2 The 5 winning numbers state numbers are generated ran... View the full answer

Elementary Statistics

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