The probability of being killed by a stroke of lightning, calculated using the frequency theory of probability,

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The probability of being killed by a stroke of lightning, calculated using the frequency theory of probability, is approximately 1 in 3 million. That is about 58 times greater than was the probability of winning the jackpot ($390 million) in the Mega Millions lottery in the United States in March 2007. In that lottery the chances of buying a successful ticket were 1 in 175,711,536. One of two winning tickets was in fact purchased by a Canadian truck driver. If he had known the size of the jackpot, and that it would be divided by two winners, what would the expectation value of the $1 ticket he bought have been, at the time he bought it?

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Introduction To Logic

ISBN: 9781138500860

15th Edition

Authors: Irving M. Copi, Carl Cohen, Victor Rodych

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