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The Math Team is hosting a raffle, and only 100 people will be allowed to enter. A ticket costs $2 and the prize is a $50 gift card. Only one person will win. What is the probability that you will win?
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1 vote
The Math Team is hosting a raffle, and only 100 people will be allowed to enter. A ticket costs $2 and the prize is a $50 gift card. Only one

person will win.
What is the probability that you will win?
What is the probability that you will not win?
Find the expected value.

User Chenelle
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1 Answer

5 votes

Answer:

given the information all your chances will be out of a 100% you don't have to convert these numbers because there is already only 100 people allowed to enter meaning you are 1 out of 100 people entered and have a 1/100 (1%) chance of winning and a 99/100 (99%) chance someone else winning

User Hbinduni
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3.2k points
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