Solution Found!

Elementary Statistics | 12th Edition | ISBN: 9780321836960 | Authors: Mario F. Triola
Change Question

Powerball Lottery As of this writing, the Powerball

Chapter 5, Problem 20BSC

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

Problem 20BSC

Powerball Lottery As of this writing, the Powerball lottery is run in 42 states. If you buy one ticket, the probability of winning is 1/195,249,054. If you buy one ticket each week for 50 years, you play this lottery 2600 times.

a. Find the mean and standard deviation for the number of wins for people who buy a ticket each week for 50 years. Express the results using six decimal places.

b. Would it be unusual for someone to win this lottery at least once if they buy a ticket each week for 50 years?

Questions & Answers

QUESTION:

Problem 20BSC

Powerball Lottery As of this writing, the Powerball lottery is run in 42 states. If you buy one ticket, the probability of winning is 1/195,249,054. If you buy one ticket each week for 50 years, you play this lottery 2600 times.

a. Find the mean and standard deviation for the number of wins for people who buy a ticket each week for 50 years. Express the results using six decimal places.

b. Would it be unusual for someone to win this lottery at least once if they buy a ticket each week for 50 years?

ANSWER:

Answer :

Step 1 :

Given, the Powerball lottery is run in 42 states. If you buy one ticket, the probability of winning is 1/195,249,054. If you buy one ticket each week for 50 years, you play this lottery 2600 times

  1. n = 2600 and p = 1/195,249,054

          The procedure yields a binomial distribution.

Add to cart

Study Tools You Might Need

Chapter: 3 Problem: 81P

Introductory Chemistry 5
An iron nail with a mass of 12 g absorbs 15 J of heat. If the nail was initially at \(28\ ^{\circ}\mathrm{C}\), what is its final temperature? Equation Transcription: Text Transcription: 28 deg C

Chapter: 3 Problem: 6

College Physics 1
Problem 6CQ Suppose you take two steps A and B (that is, two nonzero displacements). Under what circumstances can you end up at your starting point? More generally, under what circumstances can two nonzero vectors add to give zero? Is the maximum distance you can end up from the starting point A +

Chapter: 5 Problem: 2

College Physics 1
Problem 2PE (a) When rebuilding her cars engine, a physics major must exert 300 N of force to insert a dry steel piston into a steel cylinder. What is the magnitude of the normal force between the piston and cylinder? (b) What is the magnitude of the force would she have to exert if the steel parts

Chapter: 1 Problem: 1.50

Chemistry 11
Carry out the following conversions: (a) 70 kg, the average weight of a male adult, to pounds. (b) 14 billion years (roughly the age of the universe) to seconds. (Assume there are 365 days in a year.) (c) 7 ft 6 in, the height of the basketball player Yao Ming, to meters. (d) \(88.6\mathrm{\ m}^3\) t

Chapter: 14 Problem: 31

Physics: Principles with Applications 7
Determine the latent heat of fusion of mercury using the following calorimeter data: 1.00 kg of solid Hg at its melting point of is placed in a 0.620-kg aluminum calorimeter with 0.400 kg of water at 12.80C; the resulting equilibrium temperature is 5.06C.

Chapter: 11 Problem: 5

Human Anatomy & Physiology 9
The velocity of nerve impulse conduction is greatest in (a) heavily myelinated, large-diameter fibers, (b) myelinated, small-diameter fibers, (c) nonmyelinated, small-diameter fibers, (d) nonmyelinated, large-diameter fibers.

Chapter: 2 Problem: 6

The Economics of Money, Banking and Financial Markets 12th
Describe who issues each of the following money market instruments: a. Treasury bills b. Certificates of deposit c. Commercial paper d. Repurchase agreement e. Fed funds

Chapter: 31 Problem: 4

Cengage Advantage Books: Introduction to Business Law 5
Lauren, a resident of Kansas, appointed her husband to be her health care proxy. Now that she is dying of cancer and suffering terribly, she is begging her husband and her doctors to give her an overdose of drugs. Which of the following statements is true? I. If she goes into a coma, her husband

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back