Why this strategy would probably lose money

Assignment Help Algebra
Reference no: EM131027904

In the multistate lottery game Powerball, there are 120,526,770 possible number combinations, only one of which is the grand prize winner. The cost of a single ticket (one number combination) is $1. Suppose that a very wealthy person decides to buy tickets for every possible number combination to be assured of winning a $150 million grand prize.

(a) If this individual could purchase one ticket every second, how many hours would it take to buy all of the tickets? How many years is this?

(b) If there were a way for this individual to buy all possible number combinations quickly, discuss reasons why this strategy would probably lose money.

Reference no: EM131027904

Questions Cloud

Question regarding thousands of stockholders lost millions : After the scandal was uncovered, thousands of stockholders lost millions of dollars asEnron share values plummeted."Discus what you perceive from this scenario also explain the pros and corns of it in detail.
What alternatives would you suggest to solve ethical dilemma : In your essay, discuss the agency problem in Enron and how the motives were originated. What alternatives and solutions would you suggest to solve this ethical dilemma?
Shrm in writing for the entire company : Imagine your company is just beginning to branch out of the United States, and your CEO suggests that it might be good for your company to put its ethical standards related to SHRM in writing for the entire company.
What are the probabilities of the events : Suppose that a husband and wife are both carriers and that they have three children. If the outcomes of the three pregnancies are mutually independent, what are the probabilities of the events- All three children develop Tay-Sachs.
Why this strategy would probably lose money : If there were a way for this individual to buy all possible number combinations quickly, discuss reasons why this strategy would probably lose money.
Explain genetic variation and environmental pressures : Write a paragraph to explain how genetic variation and environmental pressures can lead to change in an organism
Find the amount y(t) of salt in the tank at any time t : A tank contains 100 gal of brine may by dissolving 80 lb of salt in water. Pure water runs into the tank at the rate of 4gal/min and the mixture, which is kept uniform by stirring, runs out at the same rate. Find the amount y(t) of salt in the tan..
Person-task fit or a person-organization fit : For this assignment, you should create a plan to hire an employee for a position within your organization to support a recent change. In this plan, you should include the following: If this should be a person-task fit or a person-organization fit
What were the obstacles of implementation : What was the cost of implementation, and to whom? What were the obstacles of implementation? What, if any, were the special considerations of implementation? Evaluate the following types of effects from the implementation on the target population

Reviews

Write a Review

Algebra Questions & Answers

  Make the equation in its equivalent exponential form

Make the equation in its equivalent exponential form

  Write down the equation of the parabola which passes

write the equation of the parabola that passes through point -12 that has a vertex of

  The equation describes the value of an investment after

the equation describes the value of an investment after years. for the investment give the initial value the continuous

  Quadratic equation select a quadratic equation and solve it

select a quadratic equation and solve it using the quotcompleting the squarequot method. show your work in full

  Accountants as information keepers and produce financial

questionaccountants as information keepers and produce financial reports to stakeholders face major ethical challenges

  What elements of r has a multiplicative inverse in r

What is the zero of R? That is, what set Z has the property that XZ=ZX=X?

  Solve the given fraction

Solve the given fraction

  Creating quadratic equation

How do you know if a quadratic equation will have one, two, or no solution? What is the role played by the discriminant? How do you find a quadratic equation

  Develop a linear regression model for these data

Describe the various decisions for Esil University that would be affected by the forecast for undergraduate applications.

  Description of forward rate

Use the information below to answer the following questions. (Do not include the dollar signs ($). Round your answers to 4 decimal places, (e.g., 32.1616))

  Solution of a system of linear inequalities

What is the situation when two linear inequalities have no solution? What are the conditions when the solution of a system of linear inequalities will be in the first quadrant?

  What is the price of each fruit

A shopper buys three oranges and five lemons for $10.26, while a second shopper buys four lemons and six oranges for $11.16. What is the price of each fruit?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd