| Posted: May 21, 2004, 3:40 pm - IP Logged |
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Quote: Originally posted by rdarmand on May 21, 2004
Where n is equal to the number of tickets bought, the odds of winning in the MegaMillions lottery is given by 1 - [(1 - 0.023399196957)^n]
The above formula is incorrect. The number of tickets affects the probability in a linear fashion and not exponential. The correct formula is:
0.000000007407 * n
Good luck,
Jake