At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.
Sagot :
The probability that the jackpot prize will be won in each of four consecutive draws is (1/60)⁴.
The number of consecutive draws needed will be, n = 233
What is probability?
Probability is the likelihood or chance of an event happening or not.
- Probability = number of expected outcomes/number of possible outcomes.
From the given question, the probability of the jackpot being won in any draw is 1/60.
The probability that the jackpot prize will be won in each of four consecutive draws will be:
1/60 * 1/60 * 1/60 * 1/60 = (1/60)⁴
b. The number of consecutive draws that needs to be made for there to be a greater than 98% chance that at least one jackpot prize will have been won is calculated as follows:
There is a 100% - 98% chance that that none has been won = 2% that none has been won.
Also, the probability of the jackpot not being won in a draw is = 1 1/60 = 59/60
The number of consecutive draws needed will be (59/60)ⁿ ≤ 0.02
Solving for n by taking logarithms of both sides:
n = 233
In conclusion, probability measures chances of an event occurring or not.
Learn more about probability at: https://brainly.com/question/251701
#SPJ1
We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.