Monte Carlo Simulation for Radio station lottery

A German regional radio station offers a special lottery. They buy lottery tickets for 1.000 EUR and you get all the money which is mentioned in the tickets as direct wins.

In Maximum you can win 600.000 EUR if the 500 tickets (which cost 1.000 EUR) include 2 direct jackpot tickets (with 300.000 EUR each). The chance is 1/5.000.000 per ticket, so getting both is dramatically low.

But what money could you win for real? „Monte Carlo Simulation for Radio station lottery“ weiterlesen