The probability of being killed by a stroke of lightning, calculated using the frequency theory of probability,
Question:
The probability of being killed by a stroke of lightning, calculated using the frequency theory of probability, is approximately 1 in 3 million. That is about 58 times greater than was the probability of winning the jackpot ($390 million) in the Mega Millions lottery in the United States in March 2007. In that lottery the chances of buying a successful ticket were 1 in 175,711,536. One of two winning tickets was in fact purchased by a Canadian truck driver. If he had known the size of the jackpot, and that it would be divided by two winners, what would the expectation value of the $1 ticket he bought have been, at the time he bought it?
Step by Step Answer:
Introduction To Logic
ISBN: 9781138500860
15th Edition
Authors: Irving M. Copi, Carl Cohen, Victor Rodych
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