User Account

All Pages

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

  Importance of algebra in society

What is the importance of algebra on society? How do we use algebra for everyday life?

  What is the equation of thine that passes through the given

what is the equation of thine that passes through the given point 11 and is perpindicular to the given line

  Interest compounded continuously

Given A=Pe^rt, with A = 455, P = 5, and r = 0.61, solve for t. Round to the nearest 0.01.

  Find the equation of the line

Please Show all work: In 2006, the median price of an existing home in some country was approximately $230,450. In 2001, the median price of an existing home was $157,700.

  What was the price of a book and a magazine

Write a system of two equations in two unknowns for each problem. Solve each system by the method of your choice. What was the price of a book and what was the price of a magazine?

  Backpacks problem

Upon examining the contents of 38 backpacks, it was found that 23 contained a black pen, 27 contained a blue pen, and 21 contained a pencil, 15 contained both a black pen and a blue pen

  Determine and compare slopes for the linear functions f and

find and compare slopes for the linear functions f and g.fx12x-4x-4048 gx-3-2-101 what is the slope of f2 what is the

  Intercept of a linear equation

What is meant by the x- and y-intercept in a linear equation? Find the x- and y- intercepts for the linear equation 3x - 4y =12. What are the points on a graph for the x- and y-intercepts?

  What is the area of the square

What is the area of the square

  Solve logarithmic equation without using a calculator

Solve logarithmic equation without using a calculator.

  Find two points that define latus rectum

Find the equation of the parabola. Find 2 points that define latus rectum. Graph. Focus (0,1) Diectrix line y= -1. Find the equation of ellipse.draw the graph. Center (0,0) Focus(0,8) Vertex (0,-10).

  Simplifying expressions assignment description

Plan the logic necessary to complete the problem before you begin writing. For examples of the math required for this assignment, please review Elementary and Intermediate Algebra and the example of how to complete the math required for this assig..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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