scherz0 Posted June 2 Posted June 2 So the expectation for this part of the lottery is [math]\frac1T\left(1 + \frac 1B(69-2B)\right)\cdot \$1000000 = \$1000000\cdot\dfrac{69 - B}{BT}$[/math] 1. Disregarding the messier LHS, how can I intuit the simpler RHS? I know [math]\color{green}{\dfrac{1E6}{T} = \Pr(}[/math] winning $1E6 in the Gold Ball Draw). 2. But why multiply this [math]\color{green}{\dfrac{1E6}T}[/math] by [math]\color{red}{\dfrac{69 - B}B}[/math]? 3. What does [math]\color{red}{\dfrac{69 - B}{B}}[/math] mean?
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now