SOLUTION: assume there is a national lottery and the winning ticket is worth $10 million. One winning ticket will be selected. If there are 250 million tickets sold, what is the chance that

Algebra ->  Probability-and-statistics -> SOLUTION: assume there is a national lottery and the winning ticket is worth $10 million. One winning ticket will be selected. If there are 250 million tickets sold, what is the chance that       Log On


   



Question 879447: assume there is a national lottery and the winning ticket is worth $10 million. One winning ticket will be selected. If there are 250 million tickets sold, what is the chance that a buyer of one ticket will have the winning ticket?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
p(winning) = 1%2F250000000