If the federal reserve sells 70,000 in treasury bonds to a bank at 9%
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Answer:
The probability of drawing an odd numbered ticket is 60%.
Step-by-step explanation:
Odd numbered tickets:
Probability of one is 1/5 plus half of 1/5.
Probability of 3 is half of 1/5.
Probability of 5 is 1/5. So
Probability of drawing an odd numbered ticket:
0.6*100% = 60%
The probability of drawing an odd numbered ticket is 60%.