Question

Q1- A lottery wheel contains 15% winning tickets. Tom buys one ticket and later another one....

Q1- A lottery wheel contains 15% winning tickets. Tom buys one ticket and later another one. what are the chances of:-

a) getting two winning tickets.

b) getting a win ticket the second time only.

c) Not win at all .

d) Winning at least once.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Q1) Let the probability of winning be p. Then p=0.15 (Given) and probability of losing q= 1-p = 0.85. Here the buying of tickets is independent. Hence we can use the result P(A\bigcap B) = P(A) * P(B)

(a) Probability of two winning tickets = P(First ticket wins)* P(Second ticket wins) = 0.15*0.15 =0.0225

(b) Probability of a win ticket the second only = P(first ticket loses) * P(second ticket wins) = 0.85*0.15 = 0.1275

(c) Probability of no win = P(first ticket loses) * P(second ticket loses) = 0.85*0.85 = 0.7225

(d) Probability of winning at least once = 1 - probability of no win = 1-0.7225 = 0.2775

Add a comment
Know the answer?
Add Answer to:
Q1- A lottery wheel contains 15% winning tickets. Tom buys one ticket and later another one....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The chances of winning the Powerball lottery jackpot with a single ticket is 1 in 292,201,338....

    The chances of winning the Powerball lottery jackpot with a single ticket is 1 in 292,201,338. For the purposes of this problem, assume it is 1 in 300,000,000. During February and March, 210,073,226 Powerball tickets were sold. For the purposes of this problem, assume 200,000,000 were sold. a.)Assuming the tickets win or lose independently of one another, give the exact probability that there was no jackpot winner during these two months. b.)Using a basic scientific calculator, give an approximation to...

  • (a) If your life plan is to buy one lottery ticket every day for 5 days...

    (a) If your life plan is to buy one lottery ticket every day for 5 days a week, 50 weeks a year for the next 50 years, where on any lottery ticket you have a one in 500,000,000 chance of winning the jackpot, what is the probability you will win the jackpot at least once in your lifetime? Hint: Let Wi be the event you win the jackpot with the ith lottery ticket. Assume these are independent. (b) (continued) Buying...

  • (1 point) A certain senior citizen purchases 51, "6-49" lottery tickets a week, where each ticket...

    (1 point) A certain senior citizen purchases 51, "6-49" lottery tickets a week, where each ticket consists of a different six-number combination. The probability that this senior will win - (to win at least three of the six numbers on the ticket must match the six-number winning combination) on any ticket is about 0.018638. What probability distribution would be appropriate for finding the probability of any individual ticket winning? Part (a) How many winning tickets can the senior expect to...

  • 4.26 In a lottery game, three winning numbers are chosen uniformly at random from (1, ,100), samp...

    4.26 In a lottery game, three winning numbers are chosen uniformly at random from (1, ,100), sampling without replacement. Lottery tickets cost $1 and allow a player to pick three numbers. If a player matches the three winning numbers they win the jackpot prize of $1,000. For matching exactly two numbers, they win $15. For matching exactly one number they win $3 d) Hoppe shows that the probability that a single parlayed ticket will ulti- mately win the jackpot is...

  • 5. Ying has bought 50 tickets in a lottery with multiple prizes. She has checked and knows that exactly two of her tickets are winning tickets. She then put each ticket into an envelope and shuffles...

    5. Ying has bought 50 tickets in a lottery with multiple prizes. She has checked and knows that exactly two of her tickets are winning tickets. She then put each ticket into an envelope and shuffles the envelopes before writing Willem's name on five of the envelopes. Let W be the number of winning tickets in the envelopes with Willem's name on a) What distribution could be used to model W7 Please name the distribution and give the parameter(s). State...

  • 1. You're asked to settle a dispute about someone's chances of winning the lottery. There are 40 ...

    Question 1&2 1. You're asked to settle a dispute about someone's chances of winning the lottery. There are 40 numbers to pick from (1 through 40). A sample of 6 is drawn but arrangement (order of a winning number being drawn) is not important. if someone buys only one ticket, what are his/her chances of winning? What if he/she buys two tickets? (5 points 2. Which control chart is best suited for each of the following situations and why? (10...

  • An instant lottery game gives you probability 0.10 of winning on any one play. Plays are...

    An instant lottery game gives you probability 0.10 of winning on any one play. Plays are independent of each other. You play 4 times. a) If X is the number of times you win, contract the probability distribution of X. b) What is the probability that you don't win at all? c) What is the probability that you win at least once? d) What is the expected value of X? What is the standard deviation of X?

  • Lottery - Let $1,000 be your current wealth. There are 100 people and each buys a...

    Lottery - Let $1,000 be your current wealth. There are 100 people and each buys a lottery ticket at $5. The administrative cost of the lottery ticket per person is $5. If you win the lottery, you will get $500. There is only one person who can win the lottery. a. Define the gamble b. Calculate the expected value of the gamble c. Is this gamble favorable, fair, or unfavorable? d. Now, suppose your utility function is U = W5/2....

  • Lottery: I buy one of 400 raffle tickets for $10. The sponsors then randomly select 1...

    Lottery: I buy one of 400 raffle tickets for $10. The sponsors then randomly select 1 grand prize worth $800, then 2 second prizes worth $300 each, and then 3 third prizes worth $100 each. The selections are made without replacement. (a) Complete the probability distribution for this raffle. Give your probabilities as a decimal (rounded to 4 decimal places) or as a fraction. Outcomes          P(x)          Win Grand Prize     Win a Second Prize     Win a Third Prize     Win Nothing     (b)...

  • Lottery: I buy one of 250 raffle tickets for $10. The sponsors then randomly select 1...

    Lottery: I buy one of 250 raffle tickets for $10. The sponsors then randomly select 1 grand prize worth $300, 2 second prizes worth $100 each, and 3 third prizes worth $50 each. Below is the discrete probability distribution for this raffle. Prize      P(x)      Grand 1/250 Second 2/250 Third 3/250 None 244/250 (a) Recognizing that I spent $10 to buy a ticket, determine the expected value of this raffle to me as a player. Round your answer to the nearest...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT