7th Annual International Conference on Industrial Engineering and Operations Management

An analysis of Powerball and Condition Leading to January Largest Powerball in History

Mason Chen & Zonghuan (Jason) Li
Publisher: IEOM Society International
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Track: High School STEM Project Presentation
Abstract

During the JAVA Analytics Camp, several students were interested in January 13 2016 Powerball News.  After conducting Powerball research and analysis, a JAVA Powerball team was formed to apply JAVA programming on simulating the Probability of a January13 2016 Powerball Scenario.  Before October 2015, 59 numbers are in the first drum, and 35 are in the second drum.  69 and 26 numbers are after Oct. 2015.  What’s the impact of this rule change on the Jan.13 Powerball Scenario?  This rule change will lower the chance of hitting the Jackpot and increase the chance of rolling over the un-invested Jackpot prize to next round.  Use combination statistics to calculate each matching probability: calculate total space, and probability of matching the white ball and red ball.  The team has successfully built the Powerball Probability Model through JAVA programming.  We discovered several statistical patterns and conducted six major Hypotheses.  Statistics and Probability can help us understand Jan.13 2016 Powerball Jackpot scenario and its formation over 19 rolling over period. Team won’t suggest purchasing any Powerball ticket if the Jackpot size is still under $490M.

Published in: 7th Annual International Conference on Industrial Engineering and Operations Management, Rabat, Morocco

Publisher: IEOM Society International
Date of Conference: April 11-13, 2017

ISBN: 978-0-9855497-6-3
ISSN/E-ISSN: 2169-8767