Question 1197843
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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.

a) What is the probability of winning a prize in this lottery?

b) If a ticket costs $5.00, what is the expected profit per ticket?
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As you formulate your problem,  I see that you are a beginner in composing  Math problems.


I say it because question  (a)  in the problem is posed incorrectly.


The correct formulation is


<pre>
    +------------------------------------------------------+
    |   (a)  What is the probability of winning a prize    |
    |       in this lottery, having only one ticket ?      |
    +------------------------------------------------------+
</pre>