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Loyalist College Accounting on Canada Lotto 649 Lottery Questions

 

I’m working on a accounting question and need an explanation and answer to help me learn.

Do a brief analysis on the Canada Lotto 649 lottery. Briefly describe how it works (go online and get info as needed, you must put references in your submission).

What are you chance of winning when you buy one ticket? Show calculations. Hint, see permutations in PPT 4.