SOLUTION: There is a contest going on to win a St. Judes Dream Home. They are selling 9000 chances for $100. Each. If you buy 10 chances, what are your odds of winning? Thank You!

Algebra ->  Probability-and-statistics -> SOLUTION: There is a contest going on to win a St. Judes Dream Home. They are selling 9000 chances for $100. Each. If you buy 10 chances, what are your odds of winning? Thank You!       Log On


   

Question 879642: There is a contest going on to win a St. Judes Dream Home.
They are selling 9000 chances for $100. Each.
If you buy 10 chances, what are your odds of winning?
Thank You!
Answer by edjones(8007) About Me  (Show Source):
You can put this solution on YOUR website!
10/9000
=1/900 probability of winning.
.
1 to 899 odds in favor of of you winning.
.
Ed