In: Statistics and Probability
Recall that the Powerball Lottery involves selecting five numbers from 1 to 69 for the white balls and then selecting one number from 1 to 26 for the red Powerball.
The Lottery does not give a prize for matching exactly two white balls without a matching red ball. Why do you think that prizes are not given for this combination? Justify your answer using probabilities.
White balls only-
Corresponding to white balls there are numbers from 1 to 69 i.e. in total 69 numbers.
Number of possible draws of 5 numbers from 69 numbers is
Number of possible draws in which exactly 2 numbers match
So, probability of matching exactly two numbers for white balls is given by
White balls and red ball-
There are 69 numbers for white balls and 26 numbers for red balls.
Probability of matching exactly two numbers for white balls and a number for red ball is given by
Comparison and explanation-
If the Lottery gives a prize for matching exactly two white balls without a matching red ball, then probability of giving a prize is 0.004262575 whereas if the Lottery gives a prize for matching exactly two white balls with matching of red ball, then probability of giving a prize is 0.0001639452 which is significantly lower than the previous.
Thus by just adding a constraint in the combination to win prize significantly reduces the probability of getting a prize by a player. In this manner the lottery arranging organisation can achieve higher profit. That is the reason to use such combination.