If I bought $1400 on lottery odds of winning ?
If I bought $1,400 worth of lottery tickets, what are the odds of winning? Specifically, if I purchased 700 tickets for Powerball or Mega Millions, would it be more advantageous to buy state lottery tickets, which would allow me to purchase 1,400 tickets? While the potential winnings may be lower with state tickets, I would only be competing against other players in my state. How do the odds compare between these options?
3 Answers
Related Questions
What does CSS stand for: Cybernet Slash Support or Cybernet Software Systems? I came across a company located in T. Naga...
Does Wells Fargo Bank open on Sundays in Bakersfield, California, specifically at the intersection of White Lane and Gos...
We are conducting a hypothesis test with the null hypothesis ( H_0: p = 0.20 ) and the alternative hypothesis ( H_a: p \...
Please find below the present and future values for different interest rates. Compounding and discounting occur annually...
I’m trying to make my car payment online, and it’s asking for a bank account nickname. What does that mean, and what sho...
What is the reason that all shareholders tend to agree on a common goal for the financial manager?
According to the United States Business Administration, which section is considered the most crucial part of a strategi...
Promotional expenditures during the introduction stage of the product life cycle are best allocated to: A) maintaining b...
Presented below are selected account balances for Homer Winslow Co. as of December 31, 2014. Instructions: Prepare the...
On December 31, Fighting Okra Cooking Services reported the following revenues and expenses.