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Come on guys, did we all fail statistics? (archive)

[ Follow Ups ] [ 3-series (E46) Message Board ] [ Msg. Board FAQ ]

Posted by (more) Chris on July 17, 2000 at 06:42:32:

In Reply to: q about bmwcca raffle: will buying more tix increa posted by cosmos540 on July 16, 2000 at 21:50:08:

If all your tickets go into the same group of 2500, then the odds are 1:500. But if all five go into separate raffles, then the odds are:
1-(2499/2500)^5 or 1:500.4
This is slightly worse odds than 1 in 500. If not, you'd be guaranteed an M3 by buying 2500 tickets. But if you had really bad luck, you could still not win even if you had 2500 tickets (assuming there were 2500 separate raffles.)



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