To: Wright is right!
In Powerball, f'rinstance, the odds are 73 million to one. So when the jackpot is in excess of $73M, the expectation or entertainment value of a one-dollar ticket is greater than that of a one dollar coin or bill. Except that a $73M jackpot only nets out to be about $30M.
115 posted on
01/08/2004 11:46:31 AM PST by
AppyPappy
(If You're Not A Part Of The Solution, There's Good Money To Be Made In Prolonging The Problem.)
To: AppyPappy
"Except that a $73M jackpot only nets out to be about $30M." This isn't a hard-math exercize. While the $73M would indeed net out at about 30M, the ENTERTAINMENT value is still $73M. And I doubt you'd turn down the $30M just because it's less than 73....
Michael
153 posted on
01/08/2004 1:26:45 PM PST by
Wright is right!
(Never get excited about ANYTHING by the way it looks from behind.)
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