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There are 500 tickets in a raffle. If you have 3 of these tickets and 5 prizes are to be given, what is the probability you will win at least one prize?
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The probability you win at least once is the same as one minus the probability you win nothing. That could be described as\[1-(\frac{497}{500})(\frac{496}{499})(\frac{495}{498})(\frac{494}{497})(\frac{493}{496})\]
Each fraction is the probability you will lose that (first, second, etc.) drawing.
Since they are independent events, we multiply. I leave the calculation to you.
Thank you so much!!
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