Keiser Career College Miami Lakes Jackpot Statistics Discussion

Question Description

I’m working on a statistics question and need an explanation and answer to help me learn.

Please review Sections 4.1-4.4.  Imagine if you won the jackpot!  What are your chances to do so?  What numbers would you pick?  Would you take the annual installments or a reduced lump sum if you won?
Do you have numbers in mind?  If so, jot them down (unless you want to keep them to yourself!  If they are birthdays or numbers you use, you do not have to post, just describe).  Have those numbers won before?
Even if you do not play, please imagine you do and answer all the prompt questions. 

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