Assume there is a national lottery and the winning ticket is worth​ $10 million. one winning ticket will be selected. if there are 175175 million tickets​ sold, what is the chance that a buyer of one ticket will have the winning​ ticket?

Respuesta :

The probability that the buyer of one ticket will win the lottery that is worth $10 million will be determined or calculated by dividing the number of tickets that a person has by the total number of tickets which were sold at a certain period. When this statement is translated to mathematical expression,
     P = x / S
where P is the probability, x is the number of ticket bought by the winner (this number is already given to be 1), and S is the number of the sample (this is given to be 175175 million. Substituting the known values,

  P = 1 / 175175 million

ANSWER: 5.71 x 10^-12