Homework Answers
Here we want to find the probability of that we will not lose money if we purchased first envelope.
The price of the envelope = 25 Euros.
Total number of envelopes = 500
Total number of envelopes which contain 25 Euros or more than 25 Euros = 75 + 150 = 225
So the required probability = 225/500 = 450/1000 = 0.45
So final answer is = 0.45
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