Final answer:
To calculate the probability of winning the million-dollar prize in this lottery, we need to determine the total number of possible outcomes and the number of favorable outcomes.
Step-by-step explanation:
To calculate the probability of winning the million-dollar prize in this lottery, we need to determine the total number of possible outcomes and the number of favorable outcomes.
The total number of possible outcomes is the number of ways to choose 5 balls out of 50, which can be calculated using combinations: C(50, 5) = 2,118,760.
The number of favorable outcomes is 1, because there is only 1 way to choose the 5 numbers that the player had chosen.
Therefore, the probability of winning the million-dollar prize is 1 divided by the total number of possible outcomes: 1/2,118,760 ≈ 0.000000472 or 4.72 x 10^-7.