Not so fast. If you win your first jackpot on the first ticket. You'll require 500,000 failures (at $1 per ticket) in order to fail to reject the null hypothesi

Not so fast. If you win your first jackpot on the first ticket. You'll require 500,000 failures (at $1 per ticket) in order to fail to reject the null hypothesis at p < 0.05. Assuming you're just doing a t test (which isn't really appropriate tbh). If you bought just ten tickets you would have a p value below 0.0000001 And that makes sense, because a p value of 0.01 says the probability of getting a sample this far from the null hypothesis is less than 1 in a million by random chance... which is what happened when you got the extremely unlikely but highly profitable answer. edit: post was edited making this seem out of context...