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Problem 5

Powerball

Due: January 19
Points: 1

The PowerBall lottery jackpot is currently estimated around $1.5 billion. That's a lot of money.

Write a short essay describing the best strategy to buy (or not) lottery tickets for this drawing. Defend your choice of strategy using statistics and math.

You should reference the official PowerBall lottery odds here: http://www.powerball.com/powerball/pb_prizes.asp and and perhaps taking advice from some of the many popular press articles such as:

It's OK to have fun with this, but I do want to see some serious math and analysis, not just a restatement of what other people have suggested. Think about the possibilities and try to reason it out!