SOLUTION: If the odds in favor of winning first prize in a sweepstake contest are 2500 to 1, what is the probability of winning first prize?
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Question 605446: If the odds in favor of winning first prize in a sweepstake contest are 2500 to 1, what is the probability of winning first prize?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
If the odds in favor of winning first prize in a sweepstake contest are 2500 to 1, what is the probability of winning first prize?
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Ans: P(winning) = 2500/2501
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Cheers,
Stan H.
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