Question

Beginning in October, 2015, Powerball® became an even larger combined large jackpot game and cash game. Every Wednesday and Saturday night at 10:59 p.m. Eastern Time, five white balls are drawn out of a drum with 69 balls and one red ball out of a drum with 26 red balls.

There are two bins—one containing white balls, and one containing red balls. When a player fills out a ticket, he or she selects five numbers from the set of white balls (1–69) and one number from the set of red balls (1-26). Prizes awarded to players are based on how many balls of each color are matched. If all five white ball numbers and the colored ball number are matched, the player wins the jackpot. If more than one player matches all of the numbers, then the jackpot is divided among them.

1) What is the probability of winning the jackpot?

2) Suppose if the player wins the jackpot, her prize will be $140,000,000. If a she doesn’t win the jackpot, she will get nothing and thus effectively lose $2 for purchasing the ticket. What is her expected earnings/loss if she buys one ticket?

Answer #1

**ANSWER::**

**1).**

Probability of winning the jackpot is given by

**2).**

Suppose, random variable X denotes amount gained (in dollar).

Her expected loss is ** $
1.520878.**

**NOTE:: I HOPE
THIS ANSWER IS HELPFULL TO YOU......**PLEASE SUPPORT ME WITH YOUR
RATING......**

****PLEASE GIVE ME
"LIKE".....ITS VERY IMPORTANT FOR,ME......PLEASE SUPPORT
ME .......THANK YOU**

The Powerball lottery is decided every Wednesday and Saturday
night by drawing five white balls out of a drum with 69 balls and
one red ball out of a drum with 26 red balls. The Powerball jackpot
is won by matching all five white balls in any order and the red
Powerball. Each ticket costs $2. a. [2 pts] How many possible
different Powerball tickets can be purchased? b. [1 pts] How many
possible different winning Powerball tickets are there?...

In the Powerball® lottery, the player chooses five numbers from
a set of 69 numbers without replacement and one “Powerball” number
from a set 26 numbers. The five regular numbers are always
displayed and read off in ascending order, so order does not
matter. A player wins the jackpot if all six of the player’s
numbers match the six winning numbers.
a. How many different possible ways are there to select the six
numbers?
b. How many tickets would someone...

a
player wins the jackpot by matching all five numbers drawn from
white balls (1-44) and matching the number on the gold ball (1-35)
if one ticket is purchased what is the probability of winning the
jackpot

Please answer the following Case
analysis questions
1-How is New Balance performing compared to its primary rivals?
How will the acquisition of Reebok by Adidas impact the structure
of the athletic shoe industry? Is this likely to be favorable or
unfavorable for New Balance?
2- What issues does New Balance management need to address?
3-What recommendations would you make to New Balance Management?
What does New Balance need to do to continue to be successful?
Should management continue to invest...

Delta airlines case study
Global strategy. Describe the current global
strategy and provide evidence about how the firms resources
incompetencies support the given pressures regarding costs and
local responsiveness. Describe entry modes have they usually used,
and whether they are appropriate for the given strategy. Any key
issues in their global strategy?
casestudy:
Atlanta, June 17, 2014. Sea of Delta employees and their
families swarmed between food trucks, amusement park booths, and
entertainment venues that were scattered throughout what would...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 7 minutes ago

asked 8 minutes ago

asked 15 minutes ago

asked 15 minutes ago

asked 16 minutes ago

asked 25 minutes ago

asked 36 minutes ago

asked 53 minutes ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago

asked 1 hour ago