Comment on IOS app success is a lottery: 60% (or more) of developers don't break evenparentComments−tlrobinson14yI'm not sure that's true. http://users.stat.umn.edu/~geyer/lottery/Summing up our conclusions, it's much better to play in a week with a big jackpot than a small one (duh!) but even in a week with a near record jackpot (second largest in history) the lottery is only almost but not quite a break even proposition.−polshaw14yInteresting, but this does not mean a 40% (or better) chance of break-even.
Comments
I'm not sure that's true. http://users.stat.umn.edu/~geyer/lottery/
Summing up our conclusions, it's much better to play in a week with a big jackpot than a small one (duh!) but even in a week with a near record jackpot (second largest in history) the lottery is only almost but not quite a break even proposition.
Interesting, but this does not mean a 40% (or better) chance of break-even.