Application A lottery promises to award ten grand-prize trips to Hawaii and sells 5 400 000 tickets.

• July 02, 2021/

Application A lottery promises to award ten grand-prize
trips to Hawaii and sells 5 400 000 tickets.

a) Determine the probability of winning a grand prize if you

i) 1 ticket

ii) 10 tickets

iii) 100 tickets

b) Communication How many tickets do you need to buy in
order to have a 5% chance of winning a grand prize? Do you think this strategy
is sensible? Why or why not?

c) How many tickets do you need to ensure

a 50% chance of winning?

Application A lottery promises to award ten grand-prize trips to Hawaii and sells 5 400 000 tickets.

• July 02, 2021/

Application A lottery promises to award ten grand-prize
trips to Hawaii and sells 5 400 000 tickets.

a) Determine the probability of winning a grand prize if you

i) 1 ticket

ii) 10 tickets

iii) 100 tickets

b) Communication How many tickets do you need to buy in
order to have a 5% chance of winning a grand prize? Do you think this strategy
is sensible? Why or why not?

c) How many tickets do you need to ensure

a 50% chance of winning?