Probability Project

Due Date: October 10, 9:20 am

 

Chances of Winning the Harley- Davidson Scratch Game

Prize

Chances

$2

1 in 10

$3

1 in 13.79

$5

1 in 30.77

$10

1 in 40

$12

1 in 100

$20

1 in 200

$50

1 in 727.27

$100

1 in 7,500

$500

1 in 59,294.12

Motorcycle ($15,000)

1 in 560,000

$25,000

1 in 1,028,160

OVERALL

1 in 4.06

  1. Using the table at the right, determine the expected value for this Harley-Davidson scratch game.   Note that the cost of a single ticket is $2.
  2. Using the table of actual plays below, compare the theoretical expected value to the average winnings per play for the class’ 270 plays.  Did what you expected to happen actually happen?  Explain.

Scratch Lottery Results

There were a total of 270 "scratches".  The table below lists the students' winning results.

Winnings ->

2 3 5 10 12 20 50 100 500 15000 25000
Name                      
Student 1 1 0 0 1 0 0 0 1 2 0 0
Student 2 1 1 1 0 0 0 0 1 0 1 0
Student 3 0 0 0 0 0 0 0 1 0 0 0
Student 4 3 1 0 0 0 0 3 0 0 1 0
Student 5 1 1 0 0 0 0 0 0 0 1 0
Student 6 0 2 0 2 0 1 0 0 0 0 2
Student 7 0 1 0 1 0 1 2 1 1 0 0
Student 8 3 0 0 0 0 0 0 0 0 1 0
Student 9 3 0 1 1 0 0 1 0 0 0 3

 

  1. Compare the theoretical overall chances of winning to the class’ 270 plays.