Quantitative Reasoning Project 2: Lotteries Lotteries are a big business and a major revenue source for many governments. As of 2020, all but 5 states offer a state lottery. In 2017, Americans spent nearly $75 billion on lottery tickets. This is more than they spent on video games, movies and concerts combined. About 25% of that money ends up as state revenue, with the rest going to prizes and expenses. Lotteries present many lessons in probability, and lottery statistics fuel great debate over whether lotteries are an appropriate way for governments to generate revenue. 1. Given a U.S. population of 325 million, about how much does the average American spend on lotteries each year? How much does the average odultspend on the lottery? {About 23% of the population is under age 18) Surveys indicate that fewer than half of all American adults play the lottery in any given year. What is the average spending per aduit lottery player? Does this result surprise you, or is it consistent with what you would expect based on the spending of your friends or family members who play the lottery? You can find the rules for how to play the Powerball at httpszwilottery.com/games/powerball How many possible unique lottery tickets could you buy? Research suggests that lower-income people tend to play lotteries more often than higher- income people. Search for statistics concerning the percentage of income spent on the lottery by people in different income groups. Do you find this surprising? Why or why not? [Note your source.]