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The Chip Board Archive 20

Steve, Your thinking about this the wrong way.
In Response To: Re: Here is what you missed ()

If your trying to calculate the odds of winning a "Specific" drawing like the First or second one, then you are correct, the odds are 2900 to 1.

However if there are 3 drawings then your chances of winning one of the 3 are 3 in 2900 or approximately 1 in 966.

Does that help?

Doug

Messages In This Thread

Question for the Odds Makers and Statisticans..
(Message Deleted by Poster)
I Think You Should Be My Accountant vbg
Re: Question for the Odds Makers and Statisticans.
Re: Question for the Odds Makers and Statisticans.
Huh???
The odds are 966 to 1 on you winning
Re: The odds are 966 to 1 on you winning
Re: The odds are 966 to 1 on you winning
Re: Question for the Odds Makers and Statisticans.
Here is what you missed
Re: Here is what you missed
Steve, Your thinking about this the wrong way.
Re: Steve, Your thinking about this the wrong way.
But hose are he odds of winning just one prize.
OOps, I mean 1 in 2 or 50%

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