Probability with the lottery

Algebra
Tutor: None Selected Time limit: 1 Day

Assumer there is a national lottery and the winning is worth $10 million. One winning ticket will be selected. If there are 50 million tickets sold, what is the chance that a buyer of one ticket will have the winning ticket?

Sep 8th, 2015

Thank you for the opportunity to help you with your question!

total number of tickets = 50 million = 50 x 10^6

probability of getting one winning ticket = 1/50 million= (1/50 )x10^-6
probability = 2x10^(-8)
Please let me know if you need any clarification. I'm always happy to answer your questions.
Sep 8th, 2015

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