Where Your Dreams Become Reality
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Subject: Little Probability Question
OK, self-styled LR statisticians. Here's a question for you: What is the maximum number N so that if N people purchased a ticket in last night's lottery the expected value for purchasing a ticket is still possible.
For example, if only one person purchases one ticket, the expected value is, approximately,
1/175,000,000 ($640,000,000) - 174,999,999/175,000,00 ($1)
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