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There is a prize giveaway with 50,000 participants. There are 10 items total being given away....

There is a prize giveaway with 50,000 participants. There are 10 items total being given away. A draw is done every 15 minutes for each item. What are the chances of winning a prize if there is only one submission in the giveaway per person?
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Answer #1

Chance of winning prize = No.of favorableoutcome Totalno.ofoutcome

Chance of winning prize = 10 50000 = 0.0004

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