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Thus, if the lotto jackpot is greater than 14 million as a cash option, then your payout would exceed the odds. The formula in C7 is =COMBIN(49,6) and shows that there are 13,983,816 possible results. The Ontario lottery requires you to select 6 numbers out of a pool of 49 numbers. With the Analysis Toolpack installed, you can use the simpler =RANDBETWEEN(1,49) to obtain integers between 1 and 49.įinally, is it even a good deal to play the lottery? Use the =COMBIN() function to find out. If you use =INT(RAND()*49)+1, Excel will return numbers from 1 to 49. If you use =RAND()*49, Excel will return numbers from 0 to 48.999999. If you enter =RAND() in a number of cells, you will have a variety of numbers in the range of 0 to 0.9999999. Excel has a =RAND() function to help with this. If you believe this, then you should select truly random numbers. If the machine is truly random, the fact that a number has come up recently does not mean that it will come up again. Scientists will argue that the lottery balls have no memory. The histogram suggests that you might want to play 43, 34, 10, 8, 2, and 12. Columns G & H offer a sorted version with the most popular numbers at the top.
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In the results, the first two columns show how often each number has been selected. This is simply the numbers from 1 to 49.įrom the menu, select Tools - Data Analysis - Histogram.
LIST OF STATISTICAL ANALYSIS IN EXCEL HOW TO
On the show, I also showed how to use Tools - Data Analysis - Histogram. If you believe that numbers can be hot, you might want to play 43, 34, 10, 8, 41, and 37.Įxcel offers many ways to achieve any result. The resulting pivot table shows that the numbers 43 and 34 have come up far more than the average number. In the Advanced Options dialog, choose to sort Descending by Count of Number.Ĭlick OK three times to return to the Pivot Table Wizard step 3. This will present a different version of the PivotTable Field dialog. Double click the Number field in the Row area of the Layout dialog. You would like to have the report presented with the most popular numbers at the top. In that dialog, choose to Summarize by Count. In the Layout dialog, double-click the Sum of Number button to display the PIvotTable Field dialog. Instead of summing, you want to find a count of how many times each number has appeared. Drag the Number button from the right side of the Layout dialog and drop it in the Row area.ĭrag the Number button to the Data area and it will appear as "Sum of Number".
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In step 3, choose the Layout button in the lower left corner. Using cut and paste, copy the numbers into a single column of data. I downloaded data from the Ontario lottery site showing winning numbers for the past 3 months. If you believe that certain numbers can be "hot", then Excel has two tools that will let you see which numbers are coming up more often than others. From the menu, select Tools - Addins, and then check the box for Analysis Toolpack.Įxcel has some great tools for analyzing lottery numbers. The tips in today's show require the Analysis Toolpack to be installed.