SOLUTION: 4. The following information was obtained from the Illinois Lottery’s Website. The Little Lotto Game awards prizes to ticket holders matching two, three, four, and five numbers fro
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-> SOLUTION: 4. The following information was obtained from the Illinois Lottery’s Website. The Little Lotto Game awards prizes to ticket holders matching two, three, four, and five numbers fro
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Question 735935: 4. The following information was obtained from the Illinois Lottery’s Website. The Little Lotto Game awards prizes to ticket holders matching two, three, four, and five numbers from 1 to 39 with the five Little Lotto Game Winning Numbers randomly selected during the scheduled drawing. The ways to win are presented in the table below.
Prize Chances Average Prize
First Prize
Match all 5 numbers in any order 1:575,757 $100,000.00
Second Prize
Match 4 of the 5 numbers in any order 1:3,387 $100.00
Third Prize
Match 3 of the 5 numbers in any order 1:103 $10.00
Fourth Prize
Match 2 of the 5 numbers in any order 1:10 $1.00
Overall Chances 1:9
a). Show how to calculate each of the numbers in the “Chances” column in the table.
b). Show how the “Overall Chances” was calculated.
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