6. The odds of a given ticket winning the Powerball lottery is p = 1/292,201,338. When the jackpot gets large, the number of tickets bought can grow quite large: in 2016, the number of tickets sold reached n = 371,000,000 one week when the jackpot had grown to over a billion dollars. The number of winners can be modeled as a Poisson random variable with parameter 1 = np. With this many tickets sold, what is the probability that there are no winners? One winner? Two winners?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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6. The odds of a given ticket winning the Powerball lottery is p = 1/292,201,338. When the
jackpot gets large, the number of tickets bought can grow quite large: in 2016, the number of
tickets sold reached n = 371,000,000 one week when the jackpot had grown to over a billion
dollars. The number of winners can be modeled as a Poisson random variable with parameter
1 = np. With this many tickets sold, what is the probability that there are no winners? One
winner? Two winners?
Transcribed Image Text:6. The odds of a given ticket winning the Powerball lottery is p = 1/292,201,338. When the jackpot gets large, the number of tickets bought can grow quite large: in 2016, the number of tickets sold reached n = 371,000,000 one week when the jackpot had grown to over a billion dollars. The number of winners can be modeled as a Poisson random variable with parameter 1 = np. With this many tickets sold, what is the probability that there are no winners? One winner? Two winners?
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