Mathematics, 26.10.2019 23:43 dakotacsey03

Let’s say you want to play the uberball lottery, where you choose 5 different numbers from 1-79 and 2 numbers from 1-55. to win, you’ve got to match all 8 numbers. now the longer the lottery runs without a winner, the bigger the jackpot gets, as all the money from those who play gets added to the jackpot.

a) what are the chances you win the jackpot?
b) if the jackpot starts at $60,000,000, what are your expected winnings or loses for buying one $5 ticket?

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