SOLUTION: Assume that the outcomes of a lottery are equally likely. a. What is the probability that an individual will win if he or she holds one ticket out of 500 sold? b. What

Question 390117: Assume that the outcomes of a lottery are equally likely.
a. What is the probability that an individual will win if he or she holds one ticket out of 500 sold?
b. What is the probability of winning if he or she holds three tickets out of 500 sold?
c. What method of probability assessment did you use to answer parts a and b?

Answer by richard1234(7193) (Show Source): You can put this solution on YOUR website!
a: 1/500
b: 3/500
c: Can you make a logical guess? (hint: how do you define probability?)
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