What is the probability of winning the powerball jackpot

Assignment Help Management Theories

Reference no: EM131455107

Question: The Powerball lottery is played twice each week in 28 stiles. the Virgin Islands. and the District of Columbia To play Powerball a participant must purchase a ticket and then select five numbers from the digits I through 55 and a Powerball number from the digits I through 42. To determine the winning numbers for each game. lottery officials draw five white balls out of a drum with 55 white bails, a lid one red ball out of a drum with 42 red balls. To was the jackpot, a participant's numbers must match the numbers on the five white balls in any order and the number on the red Powerball. Eight coworkers at the ConAgra Foods plant in Lincoln. Nebraska. claimed the record $365 million jackpot on February I8.2006. by matching the numbers 15-17-43-44-49 and the Powerball number 29. A variety of other cash prizes are awarded each time the game is played. For instance, a prize of 5200.000 is paid if the participant's five numbers match the numbers on the five white balls (Powerball website. March 19, 2006).

a. Compute the number of ways the first five numbers can be selected.

b. What is the probability of winning a prize of $200,000 by matching the numbers on the five white balls?

c. What is the probability of winning the Powerball jackpot?

Reference no: EM131455107

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