Question

In Rivertown High School, about 30% of the students buy a raffle ticket. Given that a student buys a raffle ticket, there is a 10% chance that the student wins a prize. What is the probability that a randomly selected student will buy a raffle ticket and win a prize?

Answer 1

The probability that that a randomly selected student will buy a raffle ticket and win a prize = 0.03

Explanation:

Step 1 :

Given,

The percentage of students buying the raffle ticket = 30%

The percentage that the student who bought the ticket wins the prize = 10%

We need to determined the probability that randomly selected student will buy a raffle ticket and win a prize.

Step 2 :

The probability that a student buys the raffle ticket =
`(30)/(100) = (3)/(10)`

The probability that a student wins a prize =
`(10)/(100)` =
`(1)/(10)`

The probability that a student who buys the ticket wins a price can be computed by taking the product of the above 2 probabilities.

=
`(3)/(10)` ×
`(1)/(10)` =
`(3)/(100)` = 0.03

Step 3 :

Answer :

The probability that that a randomly selected student will buy a raffle ticket and win a prize = 0.03