It's worth noting that the binomial model for the number of winners has an extra assumption: that l…

According to the report, "the car Toyota designed expressly for Gen 'Y'ers, the Scion, had not one …

It's worth noting that the binomial model for the number of winners has an extra assumption: that l…

Janet Napolitano: Oh, it was amazing. And not in a good way. John Frank, a senior partner at the la…

It should be clear that this would be devastating to the expected value of a ticket. Calculating ex…

It's worth noting that the binomial model for the number of winners has an extra assumption: that l…

It should be clear that this would be devastating to the expected value of a ticket. Calculating ex…

It should be pretty clear that this would be devastating to the expected value of a ticket. Explici…

First, the headline $430 million grand prize is paid out as an annuity, meaning that rather than ge…

First, the headline $393 million grand prize is paid out as an annuity: Rather than getting the who…

It's worth noting that the binomial model for the number of winners has an extra assumption: that l…

It should be clear that this would be devastating to the expected value of a ticket. Calculating ex…

Of course, even that scenario with a $500 million prize and a positive expected value is a vast ove…

Economist Robin Hanson noted that doubling the population of any city requires only about an 85% in…

Powerball and similar lotteries are a wonderful example of this kind of random process. As of Octob…

One big benefit of merging with CrowdSurge was learning what the artists need. That helped the comp…

The first column shows each outcome - how many of the five numbers from 1 to 75 we got right, and w…

Powerball and similar lotteries are a wonderful example of this kind of random process. In Powerbal…

Comparable sales are down in Starbucks' two biggest markets: the US and China. Analysts say it need…

China is Starbucks' second-biggest market but analysts question how well its format and prices work…