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Maximizing the Expected Value of a Lottery Ticket: How to Sell and When to Buy | CHANCE

Allen Kim and Steven Skiena With players attracted by the potential winnings from enormous lottery pools, multistate lotteries like Mega Millions and Powerball sell tens to hundreds of millions of tickets each week across the United States. Larger lottery pools attract more sales, but the expected value of a particular lottery ticket is a function ...

chance.amstat.org 4,000 words

Rated 2024-12-15T00:46:49-0800 - sethherr