The probability of winning $20 in a particular lottery is 0.05. What is the probability that you will get at least one $20 winner if you buy 90 tickets? A) 0.010 B) 0.990 C) 0.950 D) 0.001
what you want to do is compute the probability you get no winners, then subtract that number from one
if the probability you win on any one ticket is \(.05\) then what is the probability you do not win on any one ticket?
.05?
no that is the probability you win, not the probability you don't win
Wouldn't the probability of you winning or losing be equal?
not unless they are both \(\frac{1}{2}\)
if the probability you win on one ticket is \(.05\) then the probability you don't win is \(1-.05=.95\)
so the probability you don't win on all 90 tickets is \[(.95)^{90}\]
and therefore the probability you win on "at least one" ticket is \[1-(.95)^{90}\]
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