A quick project to show the likelihood of winning a lottery, in an attempt to get lottery addicts to better understand their chances of winning. In this project we try to answer the following questions:
- What is the probability of winning the big prize with a single ticket?
- What is the probability of winning the big prize if we play 40 different tickets (or any other number)?
- What is the probability of having at least five (or four, or three, or two) winning numbers on a single ticket?
We will be using the 6/49 Canadian lottery dataset as reference.