Re: Statisically Insignificant

z wrote:

I suppose you could ask, given X lottery tickets total, how many would
you have to buy to have your probability of winning be statistically
signficant, i.e. a less than alpha chance, where alpha = .05 or
whatever. Large number.

You could ask that, but it would be entirely beside the point.
The point being, how many tickets must you buy in order to expect
to do better than breaking even. If you work out the details, you'll
find that statistical signficance doesn't enter the solution anywhere.

For what it's worth,
Robert Dodier

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