$340 Million Powerball

let's see my old favorite is 2,3,5,23,32 and 9

In rec.aviation.owning revdmv wrote:
let's see my old favorite is 2,3,5,23,32 and 9

Probabality.... simple.... same as anything else you pick:
1,2,3,4,5,6

Odds of being struck by lightening in your lifetime: 1:3000
http://www.lightningsafety.noaa.gov/...htning_rec.htm

It is common for people to refer to the chance of being struck by
lightning as an improbable or unlikely event. Yet actual statistics
say otherwise. Lightning strikes the ground approximately 25 million
times each year in the United States (Orville and Huffines, 2001).
Most people greatly underestimate the probability of being involved in
a lightning strike. According to the National Weather Service, the
chance of an individual in the United States being killed or inured
during a given year is one in 240,000. Assuming an average life span
of 80 years, a person's odds over their lifetime becomes one in 3000.

Odds of winning a BIG lottery: 1:308,000,000

From my perspective, I'll purchase a lottery ticket the day after I
(survive) and am struck by lightening 308,000,000 / 3000 = 102666.66
times!

From my perspective, the lottery is just a "stupid tax" that I am
not required to pay. However, many others do... "Hi, I'd like to
pay $100 of stupid tax today". Instead of reading and investing.
May I suggest that if you got this far thru my posting that you
consider reading"
"Rich Dad, Poor Dad",
"The Millionaire Next Door", and
"Inc, and Grow Rich".

Yes, it DOES take work... but it takes work to earn the $ just to give
it away to a lottery. However, in investing/saving, your money works
FOR you, instead of paying even more "taxes" in the "hope" (against
ALL experience and probability) of growing ricy.

Now, if you are "gaming" and not "gambling", and playing the lottery
is "entertainment", have fun at it and enjoy it!

Best regards,

Jer/ "Flight instruction and mountain flying are my vocation!" Eberhard

--
Jer/ (Slash) Eberhard, Mountain Flying Aviation, LTD, Ft Collins, CO
CELL 970 231-6325 EMAIL jer'at'frii.com WEB http://users.frii.com/jer/
C-206 N9513G, CFII Airplane&Glider, FAA-DEN Aviation Safety Counselor
CAP-CO Mission&Aircraft CheckPilot, BM218 HAM N0FZD, 234 Young Eagles!

Odds of winning a BIG lottery: 1:308,000,000

Wrong.

Odds of winning a BIG lottery if you purchase one ticket in your
lifetime: 1:308,000,000

Assuming a lifespan of 80 years, purchasing one ticket every day, the
odds of winning go up to something like 1:10,000. Now that's not so
bad, is it?

Jose
--
Money: what you need when you run out of brains.
for Email, make the obvious change in the address.

Jose writes:

Odds of winning a BIG lottery: 1:308,000,000

Wrong.

Odds of winning a BIG lottery if you purchase one ticket in your
lifetime: 1:308,000,000

Thought one ticket was 1:80,000,000; but their site says that as of
6-April it's 1:146,100,000 (and it wasn't what I said even before
that). They apparently added two more white ball numbers, so now
there are 55 white balls. 5 are drawn, so the odds of drawing any
given set of numbers should be 55-Choose-5 * 42, or 3,478,761 * 42,
or...hey, I got the same number they did! 146.1e6 ("55-Choose-5"
being my text representation of the big-C notation used in math for
combinations.)

Or is this more to the tune of "87.5% of all statistics are made up on
the spot"?

(Note that for figuring *financial* odds, you have to somehow include
the odds of multiple people holding the winning number, hence
splitting the jackpot. Especially on these mega-jackpots, that's
quite likely.)
--
David Dyer-Bennet, , http://www.dd-b.net/dd-b/
RKBA: http://noguns-nomoney.com/ http://www.dd-b.net/carry/
Pics: http://dd-b.lighthunters.net/ http://www.dd-b.net/dd-b/SnapshotAlbum/
Dragaera/Steven Brust: http://dragaera.info/

Or is this more to the tune of "87.5% of all statistics are made up on
the spot"?

Yes, and the other 43.9% of them were made up long ago and therefore not
subject to question.

Jose
--
Money: what you need when you run out of brains.
for Email, make the obvious change in the address.

Odds of winning a BIG lottery if you purchase one ticket in your lifetime:
1:308,000,000

Assuming a lifespan of 80 years, purchasing one ticket every day, the odds
of winning go up to something like 1:10,000. Now that's not so bad, is
it?

Jose
--
Jose, I think you may be wrong about the odds. If you buy a ticket every
day, the odds are the same each day 1:308,000,000. If you buy 10 tickets
each day the odds for each ticket to win is still the same.
I think.
Dale

Jose, I think you may be wrong about the odds. If you buy a ticket every
day, the odds are the same each day 1:308,000,000. If you buy 10 tickets
each day the odds for each ticket to win is still the same.

You are right inasmuch as the odds are the same every day (not counting
the different number of people that buy tickets for any given game).
However, the more tickets you buy, the more your =overall= chance of
winning at =least= one game. For tiny chances, the increase is roughly
linear (there's such a small chance of winning more than once it can be
ignored).

Jose
--
Money: what you need when you run out of brains.
for Email, make the obvious change in the address.

From my perspective, the lottery is just a "stupid tax" that I am
not required to pay. However, many others do...

That's my perspective, too.

Yet, today, for some reason, Mary and I blew a $5 bill on FIVE (count 'em --
FIVE!) Powerball tickets!

That's five more than we've ever bought before! (We actually had to ask
the clerk how to play the lottery. The people in line were incredulous...)

I feel so, so, I don't know....*stupid*...

:-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Now I feel depressed and lonely. I thought that you and I were the only
hold-outs left. Now I don't know what to do. Maybe I can borrow a dollar
from a stranger to buy a ticket, then I can still say I've never spent any
of my own money on the lottery. *sigh*

Just think.... for the price of a lottery ticket you could:

FLY!!! at $100 per hour for just over 36 seconds!!
or
DRINK!!! 1 tap beer (unknown size) or more during Happy Hour!!
or
BUY a condom and if you're lucky use it at no additional charge! (STD's
free, treatments and divorces extra)

Anybody got $4 they can loan me?

Jim

Anybody got $4 they can loan me?

Tell you what. Go buy 4 tickets.

If I win, I'll reimburse you...

;-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"