Chapter 11: Problem 56
To win in the New York State lottery, one must correctly select 6 numbers from 59 numbers. The order in which the selection is made does not matter. How many different selections are possible?
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Chapter 11: Problem 56
To win in the New York State lottery, one must correctly select 6 numbers from 59 numbers. The order in which the selection is made does not matter. How many different selections are possible?
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Use the formula for the value of an annuity to solve Exercises 77–84. Round answers to the nearest dollar. To offer scholarship funds to children of employees, a company invests \(\$ 15,000\) at the end of every three months in an annuity that pays \(9 \%\) compounded quarterly. a. How much will the company have in scholarship funds at the end of ten years? b. Find the interest.
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Suppose that it is a drawing in which the Powerball jackpot is promised to exceed \(\$ 700\) million. If a person purchases \(292,201,338\) tickets at \(\$ 2\) per ticket (all possible combinations), isn't this a guarantee of winning the jackpot? Because the probability in this situation is \(1,\) what's wrong with doing this?
Mega Millions is a multi-state lottery played in most U.S. states. As of this writing, the top cash prize was \(\$ 656\) million, going to three lucky winners in three states. Players pick five different numbers from 1 to 56 and one number from 1 to \(46 .\) Use this information to solve Exercises \(27-30 .\) Express all probabilities as fractions. A player wins a minimum award of \(\$ 10,000\) by correctly matching four numbers drawn from white balls ( 1 through 56 ) and matching the number on the gold Mega Bali (1 through 46 ). What is the probability of winning this consolation prize?
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