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Google Virginia's Powerball and calculate the probability of winning the jackpot. Use simple conversion if odds instead of probability is reported. Share a link that
Google Virginia's Powerball and calculate the probability of winning the jackpot. Use simple conversion if odds instead of probability is reported. Share a link that takes us to the odds information on Virginia's Powerball.
- Set up a probability table for this distribution
- What is the expected gain or loss from playing?
- If played 100 times how much would you expect to win or lose?
- Is it binomial? Explain.
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