SOLUTION: Hi, I have attempted to resolve this question, but am having trouble understanding the second part of the question! In the Lottery game the chance that one ticket wins a share of t

Algebra ->  Probability-and-statistics -> SOLUTION: Hi, I have attempted to resolve this question, but am having trouble understanding the second part of the question! In the Lottery game the chance that one ticket wins a share of t      Log On


   

Question 938761: Hi, I have attempted to resolve this question, but am having trouble understanding the second part of the question! In the Lottery game the chance that one ticket wins a share of the Jackpot is 1 in 13,983,816. I want to buy 100 tickets with different numbers in each drew untill I win a Jackpot share. There are two draws per week. What is the closest time that I can expect to wait untill I win a Jackpot?
A. 45 years
B. 145 years
C. 1,345 years
D. 13,445 years
Thank you
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
buy 100 tickets with different numbers in each drew untill I win a Jackpot share.
There are two draws per week.
What is the closest time that I can expect to wait untill I win a Jackpot?
:
How about 13983816%2F%28%2852%2A200%29%29 = 1344.6 yrs
:
A good illustration on what a waste of money lottery tickets are, even if the
tickets are only $1, you will have to spend $10,400 a year!