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Annuity vs. Cash

98% of Powerball jackpot winners chose to take the cash option. Or to put it another way, only 4 winners in the last 13 years (2003 — 2016) chose the annuity option.

If you win the Powerball jackpot, you have the option of taking an annuity — an annual payment over 30 instalments — or a cash lump sum paid to you in full. You’ll see there’s quite a difference between the two. This is because the cash lump sum pays out whatever’s in the jackpot fund, whereas the annuity includes both the cash sum and the interest generated by investing it over the next 29 years. The value of the annuity option also has the added benefit of increasing by 5% annually.

Statistical : object

Kind: global namespace

  • :

Statistical.μ(freq) ⇒

Calculate arithmetic mean of ball-count

Kind: static method of Returns: — Arithmatic Mean of weights

Param Type Description
freq A single ball-frequency array from

Example (Get Arithmetic Mean of Red Balls)
var f = powerball.frequencies(winners)
console.log(powerball.μ(f.red))
Example (Get Arithmetic Mean of White Balls)
console.log(powerball.mean(f.white))

Statistical.gmean(freq) ⇒

Calculate geometric mean of ball-count

Kind: static method of Returns: — Geometric Mean of weights

Param Type Description
freq A single ball-frequency array from

Example (Get Geometric Mean of Red Balls)
var f = powerball.frequencies(winners)
console.log(powerball.gmean(f.red))
Example (Get Geometric Mean of White Balls)
console.log(powerball.gmean(f.white))

Statistical.median(freq) ⇒

Calculate median of ball-count

Kind: static method of Returns: — Median of weights

Param Type Description
freq A single ball-frequency array from

Example (Get Median of Red Balls)
var f = powerball.frequencies(winners)
console.log(powerball.median(f.red))
Example (Get Median of White Balls)
console.log(powerball.median(f.white))

Statistical.range(freq) ⇒

Calculate range of ball-count

Kind: static method of Returns: — High/low range of numbers for weights.

Param Type Description
freq A single ball-frequency array from

Example (Get Range of Red Balls)
var f = powerball.frequencies(winners)
console.log(powerball.range(f.red))
Example (Get Range of White Balls)
console.log(powerball.range(f.white))

Statistical.σ(freq) ⇒

Calculate standard deviation of ball-count

Kind: static method of Returns: — Standard Deviation of weights

Param Type Description
freq A single ball-frequency array from

Example (Get Standard Deviation of Red Balls)
var f = powerball.frequencies(winners)
console.log(powerball.stddev(f.red))
Example (Get Standard Deviation of White Balls)
console.log(powerball.σ(f.white))

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