A lottery consists of choosing six numbers from a total of 51 numbers. The person who matches
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A lottery consists of choosing six numbers from a total of 51 numbers. The person who matches all six numbers, regardless of order, wins $2 million. If the lottery ticket costs $1, what is the expected payoff for a ticket buyer? Hint: use the combinations formula to figure out n(S), or the total number of ways to choose 6 numbers from 51 numbers.
Related Book For
Elementary Statistics Picturing the World
ISBN: 978-0134683416
7th edition
Authors: Ron Larson, Betsy Farber
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