SOLUTION: I have to do an assignment where I inherited $60,000. and want to play the lottery tomorrow to win 5 million dollars. To win I have to match a six digit number where each digit ca
Algebra.Com
Question 550699: I have to do an assignment where I inherited $60,000. and want to play the lottery tomorrow to win 5 million dollars. To win I have to match a six digit number where each digit can be a number from 0 – 20 and the order of the numbers does not matter. I have to show the formulas to use to calculate if I have enough money to buy a ticket for every possibility.
I've read over the chapter four times in my textbook and I still can't figure out how to do the manipulatives.
Please help - thank you.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
I have to do an assignment where I inherited $60,000. and want to play the lottery tomorrow to win 5 million dollars. To win I have to match a six digit number where each digit can be a number from 0 – 20 and the order of the numbers does not matter. I have to show the formulas to use to calculate if I have enough money to buy a ticket for every possibility
----
You would have to buy 20C6 = 38760 tickets
---
60,000/38760 = $1.54
----
If each ticket costs <= $1.54 you could afford to buy
all the tickets.
If each ticket costs more than $154 you could not
afford to buy all the tickets.
=========================
Cheers,
Stan H.
============
RELATED QUESTIONS
Robert bought a $2 lottery ticket such that 1 in 100 would win $9, 1 in 1000 would win... (answered by math_tutor2020)
For a fair game, what should be the charge to play if there is a .002 probability to win... (answered by richwmiller)
``For a fair game, what should be the charge to play if there is a .002 probability to... (answered by stanbon)
I have an 89% in my class. Finals are tomorrow and I want to know what percent i need to... (answered by stanbon,tommyt3rd)
A lottery system has balls numbered 1 to 60 and randomly selects 7 of the lottery balls.... (answered by htmentor)
I need help with my uni assignment. its due tomorrow and I don't know how to do the... (answered by richwmiller)
You want to have a $75, 000 college fund in 15 years. how much will you have to deposit... (answered by rfer)
Winning Percentage. In a basketball league, the Falcons won 15 of their first 20 games.... (answered by sudhanshu_kmr)
Megabucks is a lottery game played in Massachusetts with the following rules. A random... (answered by jorel1380)