SOLUTION: In a sweepstakes sponsored by Gemini Paper Products, 100,000 entries have been received. If 2 grand prize, 10 first prizes, 35 second prizes, and 600 third prizes are to be awarded
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Question 854082: In a sweepstakes sponsored by Gemini Paper Products, 100,000 entries have been received. If 2 grand prize, 10 first prizes, 35 second prizes, and 600 third prizes are to be awarded, what is the probability that a person who has submitted one entry will win a prize?
A) The probability is 0.00717
B) The probability is 0.01347
C) The probability is 0.00647
D) The probability is 0.00654
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
In a sweepstakes sponsored by Gemini Paper Products, 100,000 entries have been received. If 2 grand prize, 10 first prizes, 35 second prizes, and 600 third prizes are to be awarded, what is the probability that a person who has submitted one entry will win a prize?
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# of prizes: 2+10+35+600 = 647
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P(win a prize) = 647/100,000 = 0.00647
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Cheers,
Stan H.
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A) The probability is 0.00717
B) The probability is 0.01347
C) The probability is 0.00647
D) The probability is 0.00654
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