subject
Mathematics, 22.08.2020 08:01 zahnjoey2470

Many lottery games for very large prizes include guessing which numbers will appear from a random sample of the numbered balls. In Minnesota's Gopher 5 lottery, there are five balls numbered 1-47. If a player matches at least two balls, she wins a prize (see table below). If the cost of playing is $1, at least how large must the jackpot be before the expected return of playing Gopher 5 becomes favorable to the player? Assume there is only one winner, and also ignore the fact that winnings are also taxed. Please provide just a numerical value for your answer, do not include a dollar sign. MatchWin Odds
5 of 5Jackpot 1 in 1,533,939
4 of 5$500 1 in 7,304
3 of 5$15 1 in 178
2 of 5$1 1 in 13

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 19:00
What is the order of these fractions from least to greatest 2/3 7/10 5/8 65/100
Answers: 1
question
Mathematics, 21.06.2019 22:10
What is the circumference of a circle with an area of 50.24 cmΒ²?
Answers: 2
question
Mathematics, 21.06.2019 22:20
Which of the following is missing in the explicit formula for the compound interest geometric sequence below?
Answers: 1
question
Mathematics, 21.06.2019 22:30
Aaron invested a total of $4,100, some in an account earning 8% simple interest, and the rest in an account earning 5% simple interest. how much did he invest in each account if after one year he earned $211 in interest? select one: a. $200 at 8%, $3,900 at 5% b. $3,200 at 8%, $900 at 5% c. $900 at 8%, $3,200 at 5% d. $3,900 at 8%, $200 at 5%
Answers: 1
You know the right answer?
Many lottery games for very large prizes include guessing which numbers will appear from a random sa...
Questions
question
Mathematics, 18.03.2021 01:10
question
Mathematics, 18.03.2021 01:10
question
Mathematics, 18.03.2021 01:10
question
Mathematics, 18.03.2021 01:10
Questions on the website: 13722360