Dream of a lifetime


This year's "Dream of a lifetime" lottery sold 50000 tickets and gave away 5000 prizes including one grand prize. What is the probability that one ticket will win the grand prize?

Whats the answer? and can you explain it please.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Dream of a lifetime
Reference No:- TGS0682614

Now Priced at $5 (50% Discount)

Recommended (92%)

Rated (4.4/5)