Discussion Topic PART 1 Google your state’s (North Carolina) Powerball or megami

Discussion Topic PART 1 Google your state’s (North Carolina) Powerball or megamillions and calculate the probability of winning the jackpot. Most sites report odds instead of probability, so you’ll need to do a simple conversion. Share a link that takes us to the odds information on your state’s Powerball or megamillions. In your original post, answer the following: Create a probability table for this distribution What is your expected gain or loss from playing? If you played 100 times how much would you expect to win or lose? After looking at this information and doing a few calculations, would you play? Why or why not? Is it binomial? I’ll leave this for you to investigate and explain. PART 2 In your responses to your classmates, address the following: Would you play? Discuss in-depth. How could the binomial distribution described in the original post be adjusted to favor the ‘house’ more? How could it be adjusted to favor the player more?”

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