Title

The Statistics of Lotteries

Document Type

Thesis

Publication Date

1992

Advisor

Robert Dumonceaux

Abstract

This project begins with the analysis of several existing lotteries in the state of Minnesota. The raw data of these lotteries are used to calculate the expected values of certain random variables in an effort to describe and compare the lotteries mathematically. Next, the different criteria that contribute to a successful lottery are described and brought together. Finally, via mathematical modeling and computer simulation, a new lottery proposal is presented with the claim that it is superior to existing lotteries from an administrative standpoint.

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