[ORDER SOLUTION] Probability Of Winning The Jackpot
Google your state’s Powerball or mega millions and calculate the probability of winning the jackpot. Most sites report odds instead of probability, so you’ll need to do a simple conversion.Share a link that takes us to the odds information on your state’s Powerball or mega millions.In your original post, answer the following:Create a probability table for this distributionWhat is your expected gain or loss from playing?If you played 100 times how much would you expect to win or lose?After looking at this information and doing a few calculations, would you play? Why or why not?Is it binomial? I’ll leave this for you to investigate and explain.