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.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
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.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
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
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.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
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