Eastern Illinois University

Wednesday, April 14, 2010

Colloquium April 9th by Martz and Parwani

Andrew Mertz and Kamlesh Parwani showed how lottery number distribution could be analyzed using Mathematica. Frequency distributions showed definite anamolies regarding the random nature of the numbers selected in lotteries. But it is generally the case that the odds of winnning are so low that these anomalies can not lead to effective strategies for winning money.

On the other hand, using Mathematica to analyze stock market data, Mertz and Parwani showed that there are low risk stategies that can work.

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