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Here are some of the terms used in theoretical probability.
Experiment An activity whose result is uncertain
Outcome The possible results of an experiment
Event A collection of one or more outcomes
Favorable outcome The outcomes of a specific event
Here is how these terms apply to Example 1(a).
Experiment The Daily Number is drawn.
Outcome All three-digit numbers, 000 to 999; 1000 possible numbers
Event You pick one 3-digit number.
Favorable outcome The number you pick is the Daily Number.
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Winning the lottery is often a life changing event. Check out this article from oddee.com to read about 7 interesting lottery winners' stories, including the story of a man who escaped 7 near death experiences in his lifetime and won $1 million dollars in the lottery.
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You have a
chance to win each time you play. You play 10 times each day for 100 days. So, you expect to win
You spend
If you win once, you will win $500, making your net earnings
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Guest 1 decade ago |In the caption to the photograph, notice that state lotteries return only $32 billion on receipts of $52 billion. This is an average return of about 60%, which is far less than the return at a typical casino.0 0