Practical point of view does this make any difference

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Could you help me with these two questions please.

1) A statistician had one foot in a bucket of ice water and one foot in a bucket of boiling water. He said, "My feet feel great, on the average." He meant that the average temperature of the water in the two buckets was comfortable. This may be true, but the average temperature doesn't tell the entire story. What other measure of the temperature data would be useful in describing the statistician's situation, and why is it useful?

2) The chance of winning lottery A is 1 in 1 million.

The chance of winning lottery B is 1 in 100 million.

So if you buy one ticket you're 100 times more likely to win lottery A than lottery B. From a practical point of view does this make any difference? Please explain.

Reference no: EM132402289

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