Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer with explanation Suppose a person buys 10 lottery tickets. Each ticket has a probability of 0.01 of being a winner. There are many prizes,

answer with explanation

image text in transcribed
Suppose a person buys 10 lottery tickets. Each ticket has a probability of 0.01 of being a winner. There are many prizes, so more than one ticket can win. Each ticket is independent. What is the probability that at least one ticket is a winner? Round your answer to 4 decimal places (for example, if you calculate 0.12345, enter 0.1235). Hint: Start by listing the number of tickets that could win if "at least one" ticket wins (e.g. could O tickets win? Could 1 ticket win? What about 2 tickets? etc.). Then notice that the opposite (i.e. complement) of winning is losing. What is the probability that exactly one ticket loses? What is the probability that all 10 tickets lose? Starting from there will make this problem much easier. This question looks very much like review question 6 part a)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Non-Cooperative Game Theory

Authors: Takako Fujiwara Greve

1st Edition

4431556451, 9784431556459

More Books

Students also viewed these Mathematics questions

Question

1. Maintain my own perspective and my opinions

Answered: 1 week ago

Question

2. What do the others in the network want to achieve?

Answered: 1 week ago