SOLUTION: You buy 5 raffle tickets. What is the probabilty that you will win if 250 tickets were sold? And what are the odds?

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Question 53736This question is from textbook
: You buy 5 raffle tickets. What is the probabilty that you will win if 250 tickets were sold? And what are the odds?
This question is from textbook

Answer by rchill(405)   (Show Source): You can put this solution on YOUR website!
Your odds of winning are 5 in 250, written as 5:250 or . That fraction reduces to , which equates to 2% chance of winning.
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