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The Chip Board Archive 20

Re: Question for the Odds Makers and Statisticans.

Your Return On Investment is based on $$s invested in the tix so why are you guys basing the odds on the $$ when it's the number of tix?

Assuming all tix are sold (725 x 4= 2900) , 1 ticket has an equal probability of being picked so that would be 1:2900.

What am I missing?

Regards,

Steve Lane
ccgtccR7572

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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