MartaCBuckner
MartaCBuckner
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December 2nd, 2018 at 8:02:07 PM permalink
Play one of the North America's largest lottery draw games every Tuesday and Friday for a chance to become a millionaire

MegaMillions jackpot prize goes up to $208 million
BleedingChipsSlowly
BleedingChipsSlowly
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December 2nd, 2018 at 11:04:46 PM permalink
That chance is 1 in 302,575,350. The participating jurisdictions keep about 40% of what is wagered.
“You don’t bring a bone saw to a negotiation.” - Robert Jordan, former U.S. ambassador to Saudi Arabia
FleaStiff
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December 3rd, 2018 at 3:24:55 AM permalink
Quote: MartaCBuckner

MegaMillions jackpot prize goes up to $208 million



Welcome to the forum.

IF you do not buy a ticket your chances are 0.0000000
IF you do buy a ticket your chances are 0.0000001

The music, food and booze as well as general ambience at the qwik mart is not all that great, try a casino.
BleedingChipsSlowly
BleedingChipsSlowly
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December 3rd, 2018 at 6:15:29 AM permalink
Quote: FleaStiff

... IF you do buy a ticket your chances are 0.0000001 ...

I think that chance is 0.000000003304962. There is a better chance you will die the day the lottery if drawn than win.
“You don’t bring a bone saw to a negotiation.” - Robert Jordan, former U.S. ambassador to Saudi Arabia
Wizard
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December 3rd, 2018 at 6:59:16 AM permalink
Quote: BleedingChipsSlowly

I think that chance is 0.000000003304962. There is a better chance you will die the day the lottery if drawn than win.



It's much more. For a 53-year-old male (like me), the probability of dying any given day is 1 in 51,400.

The probability of winning the MegaMillions is 1 in combin(70,5)*25 = 302,575,350.

So, the probability of winning MegaMillions is about the same as dying in any given span of 15 minutes.
"My life is spent in one long effort to escape from the commonplace of existence. These little problems help me to do so." -- Sherlock Holmes
BlackjackLover
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December 3rd, 2018 at 12:00:14 PM permalink
Quote: Wizard

It's much more. For a 53-year-old male (like me), the probability of dying any given day is 1 in 51,400.


How do you calculate the probability of dying at any given age?
Wizard
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December 3rd, 2018 at 12:12:56 PM permalink
Quote: BlackjackLover

How do you calculate the probability of dying at any given age?



It's right here in my actuarial calculator.
"My life is spent in one long effort to escape from the commonplace of existence. These little problems help me to do so." -- Sherlock Holmes
onenickelmiracle
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December 3rd, 2018 at 2:22:10 PM permalink
Quote: Wizard

It's right here in my actuarial calculator.

I'd bet you you're wrong, but you won't be around to pay up.

Actuarial Calculator

Enter your age:
XX

Enter any future age (optional):
109


Remaining years =
xx.xx
.

Expected age at death =
xx.xx
.

Probability of reaching future age =
0%

x=none of your business

I'm joking, it's just funny to see a 0% chance of living to a certain age, because it can be close to zero, but not actually zero.
I am a robot.
Ayecarumba
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December 3rd, 2018 at 2:45:49 PM permalink
Quote: onenickelmiracle

Quote: Wizard

It's right here in my actuarial calculator.

I'd bet you you're wrong, but you won't be around to pay up.

Actuarial Calculator

Enter your age:
XX

Enter any future age (optional):
109


Remaining years =
xx.xx
.

Expected age at death =
xx.xx
.

Probability of reaching future age =
0%

x=none of your business

I'm joking, it's just funny to see a 0% chance of living to a certain age, because it can be close to zero, but not actually zero.



Rounding for display?
Simplicity is the ultimate sophistication - Leonardo da Vinci
BlackjackLover
BlackjackLover
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December 3rd, 2018 at 3:29:51 PM permalink
Quote: Wizard

It's right here in my actuarial calculator.


I entered 120 as the future age, and the probability of reaching it is NaN%.
Ayecarumba
Ayecarumba
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December 3rd, 2018 at 3:36:07 PM permalink
Quote: BlackjackLover

Quote: Wizard

It's right here in my actuarial calculator.


I entered 120 as the future age, and the probability of reaching it is NaN%.


It means when you’re 119 and 360 days, buy a lottery ticket.
Simplicity is the ultimate sophistication - Leonardo da Vinci
onenickelmiracle
onenickelmiracle
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December 3rd, 2018 at 3:48:25 PM permalink
Quote: Ayecarumba

Quote: onenickelmiracle

Quote: Wizard

It's right here in my actuarial calculator.

I'd bet you you're wrong, but you won't be around to pay up.

Actuarial Calculator

Enter your age:
XX

Enter any future age (optional):
109


Remaining years =
xx.xx
.

Expected age at death =
xx.xx
.

Probability of reaching future age =
0%

x=none of your business

I'm joking, it's just funny to see a 0% chance of living to a certain age, because it can be close to zero, but not actually zero.



Rounding for display?

I think it's predicting I'll be peacefully murdered the day before my 109th birthday. They're not going to plug me in to recharge me until my battery life goes to 0%.
I am a robot.
onenickelmiracle
onenickelmiracle
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December 3rd, 2018 at 3:55:47 PM permalink
I am a robot.
Ace2
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December 3rd, 2018 at 4:47:57 PM permalink
Quote: Wizard

It's much more. For a 53-year-old male (like me), the probability of dying any given day is 1 in 51,400.

The probability of winning the MegaMillions is 1 in combin(70,5)*25 = 302,575,350.

So, the probability of winning MegaMillions is about the same as dying in any given span of 15 minutes.

I think it’s more like your chance of dying in next 15 seconds. Call it 14.68 seconds.

Your chance of dying in next 15 minutes is 1 in 4.934,352.
It’s all about making that GTA
Nathan
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December 3rd, 2018 at 5:47:53 PM permalink
Quote: MartaCBuckner

Play one of the North America's largest lottery draw games every Tuesday and Friday for a chance to become a millionaire

MegaMillions jackpot prize goes up to $208 million



I'm not going to lie, 208 million is a very nice profit on just $2. Okay more like $137 million after taxes, but still a very nice profit on just $2. :)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
MartaCBuckner
MartaCBuckner
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December 3rd, 2018 at 6:00:22 PM permalink
It is true that you have a small chance of winning in the lottery.
But even if your chance of winning is low, if your lucky enough you can probably win the lottery

cheers!
TomG
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December 3rd, 2018 at 6:34:35 PM permalink
Quote: FleaStiff

The music, food and booze as well as general ambience at the qwik mart is not all that great, try a casino.



Corn nuts, protein bars, and sugar free Rockstar, that's what I have for lunch everyday and love it
Wizard
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December 4th, 2018 at 8:09:12 AM permalink
Quote: BlackjackLover

I entered 120 as the future age, and the probability of reaching it is NaN%.



I think the oldest male in the data was 115 years old. It also rounds to the nearest 0.01%. At a certain point it rounds to 0.00% and then you start getting division by zero errors when there is nobody left alive. I would take anything over 100 with a grain of salt, as there aren't that many people that old in the data.
"My life is spent in one long effort to escape from the commonplace of existence. These little problems help me to do so." -- Sherlock Holmes
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