Fixing the Lottery | Stats + Stories Episode 347 - Stats + Stories

True Stories on Player FM

Powerball, Mega Millions Cash for Life and more. Missouri offers many games of chance that have potential benefits for the players and guaranteed benefits for the State. In fact, the Missouri Lottery has contributed about 3 to 4% of the annual State funding for public education in the State of Missouri, more than 8 billion dollars to the State since 1986. These games describe the chances that a player will win a given game, often using calculations common in a probability class, such as permutations and combinations. So what happens if you check the calculations and you find that the calculations are not correct. A tale of lottery calculations, checked and fixed, is the focus of this episode of Stats and Stories. Dr. Matthew McIntosh is an Assistant Teaching Professor in the Department of Statistics at the University of Missouri. Before transitioning into academia, Dr. McIntosh spent nearly three decades in clinical research, bringing valuable real-world insights to his teaching and research. In the Spring of 2023, he developed the Keno Project, an initiative aimed at correcting the displayed odds of winning the Keno lottery game in state lotteries, with a focus on engaging undergraduate students in statistical research. The project's first manuscript has been accepted for publication in Significance magazine. His research interests include power analysis, sample size determination, and promoting undergraduate research in statistics. Dr. McIntosh’s recent publications in sample size calculations focus on multiple linear regression and multivariate one-sided hypothesis tests. In 2018, outside his university work, Dr. McIntosh created statisticsmatt, a YouTube channel that offers tutorials and educational content for both undergraduate and graduate statistics students. Joseph is a senior studying Mechanical Engineering with a minor in Mathematics at the University of Missouri. Since his sophomore year, he has contributed to the Keno Project, using statistical models to derive accurate odds for the lottery game Keno, addressing discrepancies often found on state lottery playslips and websites. His work, which has been accepted for publication in Significance magazine, marks a key milestone in his academic journey. As an active member of the Mizzou Racing team, Joseph helps design and build a formula-style car from the ground up, gaining hands-on experience in motorsport engineering. This aligns with his goal of pursuing a career in motorsport, with the ultimate aim of working in Formula 1. He has also completed several engineering internships, honing his technical skills in various areas of the field. Gary G. McIntosh, CLU has for the past 15 years of semi-retirement, has dedicated his efforts to establishing Allen County’s Your Community Foundation, where he currently serves as an active advisor. His team focuses on fostering community engagement and promoting growth through education and collaboration.He has held leadership roles in several organizations, including the Jaycees, Chamber of Commerce, and as both City and County Commissioner. He has also served as an at-large board member for School District 257 and as a trustee for Allen Community College.