document.write( "Question 1197843: A lottery has a $ 2 000 000 first prize, a $ 250 000 second prize, and a three $5000 third prizes. A total of 1 000 000 tickets are sold.\r
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document.write( "a) What is the probability of winning a prize in this lottery?\r
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document.write( "b) If a ticket costs $5.00, what is the expected profit per ticket? \n" );
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Algebra.Com's Answer #831279 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "A lottery has a $ 2 000 000 first prize, a $ 250 000 second prize, and a three $5000 third prizes. \n" ); document.write( "A total of 1 000 000 tickets are sold.\r \n" ); document.write( "\n" ); document.write( "a) What is the probability of winning a prize in this lottery?\r \n" ); document.write( "\n" ); document.write( "b) If a ticket costs $5.00, what is the expected profit per ticket? \n" ); document.write( "~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "As you formulate your problem, I see that you are a beginner in composing Math problems.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I say it because question (a) in the problem is posed incorrectly.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The correct formulation is\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " +------------------------------------------------------+\r\n" ); document.write( " | (a) What is the probability of winning a prize |\r\n" ); document.write( " | in this lottery, having only one ticket ? |\r\n" ); document.write( " +------------------------------------------------------+\r\n" ); document.write( "\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |