SOLUTION: The fund-raising commitee sold 500 raffle tickets. Tyrone bought three tickets. There will be one winning ticket. What is the probability that Tyrone will win? What is the prob

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Question 1008509: The fund-raising commitee sold 500 raffle tickets. Tyrone bought three tickets. There will be one winning ticket. What is the probability that Tyrone will win?
What is the probability that Tyrone will not win?
Found 2 solutions by Fombitz, fractalier:
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Only one ticket out of the 500 is a winner.
P%5Bwin%5D=1%2F500
There are 499 losing tickets.
P%5Bloss%5D=499%2F500

Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
The chance of any one ticket winning is 1/500.
If he bought three of the tickets, he triples his chance of winning.
Thus his chances of winning are 3/500.