Final answer:
The probability of drawing the winning team out of a bag containing names of all 68 teams in the NCAA Basketball Tournament is 1/68, which translates to 1.47%.
Step-by-step explanation:
If the names of all 68 teams in the NCAA Basketball Tournament were placed into a bag, the probability of drawing the winning team out of the bag would simply be a matter of counting the favorable outcomes versus the total possible outcomes. In terms of probability, this is a basic single-event probability question
There is only one winning team in the tournament, and there are a total of 68 teams.
To find the probability, you would use the formula P(E) = number of favorable outcomes / total number of possible outcomes.
In this case, the number of favorable outcomes (drawing the winning team) is 1, and the total number of possible outcomes is 68.
Therefore, the probability is calculated as follows:
P(winning team) = 1 / 68
= 0.0147 (or 1.47%).