6 items are filed under this topic.
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Odds |
2019-12-16 |
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From Craig:
I’d like to know what are the odds of a lotto machine giving out a specific 4 digit number as a quick pick?
I know there are 10,000 possible 4 digit combinations. So let’s say the number is 3587 what are the odds the lotto machine spits it out EXACTLY that way on a quick pick?
Answered by Penny Nom. |
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Would it be worth paying $20K for 4 chances... |
2003-01-13 |
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From Steve:
If I've got 4 chances to to achieve X goal, and in each chance that I have I've got a 65% chance of achieving this goal, what is my overall probablity of achieving this goal? Also, what would it be after each of my 4 chances (i.e., for my 2nd chance, would it be (.65 * (.65*.65)? I've forgotten some basic probablity theories, and would appreciate any help on this. With the probablities above, would it be worth paying $20K for 4 chances to achieve the goal or $8.5K for only 1 chance to acheive the goal? (at 65% probability)
Answered by Andrei Volodin. |
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A $10,00 prize |
2001-10-23 |
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From Michelle:
The grand prize for winning a contest is $10,000. After 28 percent of the prize is deducted for taxes, the winner receives the balance of the prize in annual payouts of equal amounts over a 3-year period. How many dollars will the prizewinner receive each year of the 3 years?(Disregard the $ sign when gridding your answer.)
Answered by Penny Nom. |
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Winning percentages |
2001-02-21 |
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From Mike:
TEAM A WINS 55% OF GAMES PLAYED TEAM B WINS 40% OF GAMES PLAYED AGAINST THE SAME OPPONENTS WHAT WINNING PERCENTAGE SHOULD BE EXPECTED WHEN TEAM A PLAYS TEAM B (NEUTRAL SITE)?
Answered by Harley Weston. |
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The odds of winning |
2001-02-09 |
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From Anna:
The odds of winning in a game are 3 out of 10. How many times would one have to play the game in order to be sure they would win?
Answered by Leeanne Boehm. |
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Instant Winner |
1999-04-07 |
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From FSSTAN:
The probabilities of being an "instant winner" of $25 or $50 in a lottery are 1/600 and 1/1200, respectively. The mathematical expectation of being an "instant winner" of $25 or $50 is?
Answered by Jack LeSage and Penny Nom. |
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