Probability of winning slot machine jackpot

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The probability of winning on a slot machine is 5%. If a person plays the machine 500 times, find the probability of winning 30 times. Use the normal approximation to the binomial distribution. Find the area under the normal curve over the interval (29.5,30.5)

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One day, in 1984, a man named Inge Telnaes revolutionized the slot machine industry. He added a computer chip into the slot machine. This chip was a random number generator. The effect of this chip is that it made the odds of winning a jackpot much much less, even making it possible for someone to watch you play and change the odds of you winning.

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Slot Machine Odds | Average Return Rates

What Are Your Odds Of Winning The Slots Jackpot? Modern Video Slot Odds. This plays a huge role in determining the odds of the jackpot. A good example was in 2003 when the world record jackpot of Megabucks machine paid out a mind-blowing $39 million. According to IGT, the company behind this game, the odds of winning the jackpot were approximately 1 in 50 million.