Question
Suppose 20 people each pay $10 into a fund to buy chances for this week's lottery. They will collect $200 and thus buy 200 tickets.
Suppose 20 people each pay $10 into a fund to buy chances for this week's lottery. They will collect $200 and thus buy 200 tickets. If any of the 200 tickets is a winner, the prize money will be shared equally by all 20 participants.
One of the participants was wondering if buying more tickets actuallydecreasedthe chances of each ticket because it increases the number of tickets in the ticket pool.
Post a message in the discussion area that answers the following questions.
- Does buying more tickets increase or decrease your chances of winning?
- Does your answer change if instead of a lottery, the tickets are for a raffle, and the winner is selected only from the tickets purchased?
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Elementary Statisitcs
Authors: Barry Monk
2nd edition
1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296
