What is the probability of winning a raffle if 500 tickets are sold and you buy 5 of them
The required probability of winning a raffle is, =5/5004/4993/4972/4761/475
Total number of sample = 500 tickets
Number of desired out comes = 5 = 5th, 4th, 3rd, 2nd, 1st.
Probability of winning a raffle to be determine.
Probability can be defined as the ration of favorable outcomes to the total number of events.
Here,
p(5th) = 5/500, p(4th) = 4/499, p(3rd) = 3/498, p(2)= 2/497 and p(1st)=1/456
Probability of winning a raffle = p(5th)p(4th)p(3rd)p(2)p(1st)
= 5/5004/4993/4972/4761/475
Thus, the required probability of winning a raffle is, =5/5004/4993/4972/4761/475
Learn more about probability here:
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