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The Chip Board Archive 20

Re: Steve, Your thinking about this the wrong way.

Nope, still struggling.

I buy 1 ticket for the drawing out of 2900 tickets sold and my odds are fixed at 1:2900. My odds don't change, materially, with the number of prizes; still 1 ticket and still 2900 (less the # of winners) tickets just more times the odds are 1:2900.

The only way the odds change is if I buy more tickets and even then the odds are fixed.

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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