Could you help find the missing values in each column?? Match Approximate Probability Prize 5 white balls
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Question:
Could you help find the missing values in each column??
Match | Approximate Probability | Prize |
5 white balls + Powerball | .00000000342 | Jackpot |
5 white balls | .0000000856 | $1,000,000 |
4 white balls + Powerball | .00000110 | $50,000 |
4 white balls | .0000274 | $100 |
3 white balls + Powerball | .0000690 | $100 |
3 white balls | .00172 | $7 |
2 white balls + Powerball | .00142 | $7 |
1 white ball + Powerball | .0109 | $4 |
Powerball | .026 | $4 |
Expected Value Calculation Table for Problem #2 - based on a $20,000,000 jackpot.
Event | Net Profit/Loss, x | Probability, p(x) | x * p(x) |
5 white balls + Powerball | $19,999,998 | .00000000342 | .0684 |
5 white balls | .0000000856 | ||
4 white balls + Powerball | .00000110 | ||
4 white balls | $98 | .0000274 | |
3 white balls + Powerball | .0000690 | ||
3 white balls | .00172 | .0086 | |
2 white balls + Powerball | .00142 | ||
1 white ball + Powerball | .0109 | ||
Powerball | .026 | ||
Lose | |||
Sum of x*p(x) = E.V. |
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