in a lottery there are 5 prized tickets and 995 blank tickets.A person buys a lottery ticket. Find the probability of his winning a prize.
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-Total blank tickets=995
-Hence,Total tickets=995+5=1000
Probability of winning a Prize= 5\1000
Given:
Number of prized tickets = 5
Number of blank tickets = 995
To find:
The probability of winning a prize
Solution:
To calculate the probability of winning a prize, we use the equation:
Total number of outcomes = [5 + 995] = 1000
Putting values in the above equation, we get:
Hence, the probability of winning a prize in a lottery is 0.005