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Given the following information about which lottery games:

Game Odds Ticket Price

Mega Millions* 1 in 258,890,850 $1.00

PowerBall 1 in 292,201,338 $2.00

Mega Millions** 1 in 302,575,350 $2.00

* Current format

**New format starting Oct 28 2017

1. Which is the “better” game to play? You must show your work.

2. Which will be the “Better” game to play next month? Show your work.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92706524

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