The New York Lotto Probability

Description

THE NEW YORK LOTTO:

Two good sources for lottery games are lotteryusa and lottery (for USA lotteries) and lotteries for international lotteries. If you do not have access to these sites, you can get a copy of the lottery rules from a local business who sells lottery tickets or an individual who plays the lottery often. Provide the following information:

STEP 1: Describe the New York Lottery and what it takes to win the game. How many numbers are involved? How many numbers have to be selected to win? Is there a special number that is included? Are there any alternative prizes for having just some of the correct numbers?

Determine the number of elements in the sample space for the lottery? (Hint: How many different permutations/combinations of numbers are there). Make sure you show your work.

Now we will look at the real probability of winning the lottery you selected. Determine the probability of winning the grand prize associated with the lottery you selected. Does this agree with that reported by the website

STEP 2: Hopefully, in this little exercise, you discovered your real chances of winning. Were you surprised? Why do you think promoters of the lottery discuss the odds of winning the lottery versus the probability of winning the lottery? Is there any reason why they would want to do it any other way? Formulate a paragraph (articulating your thoughts) about Ethics? Fraud? Addiction?Once you have completed (be sure to show your calculations), give your final answer in the following format:

1. Lottery Description (what it take to win):

2. Elements in Sample Space:

3. Probability of Winning Grand Prize:

4. Opinion/Ethics of Lottery:

Explanation & Answer:

250 words

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