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navik [9.2K]
3 years ago
7

A frequently held lottery sells 100 tickets at $1 per ticket every time it is held. one of the tickets must be a winner. a playe

r has $50 to spend. to maximize the probability of winning at least one lottery, should he buy 50 tickets in one lottery or one ticket in 50 lotteries?
Mathematics
1 answer:
n200080 [17]3 years ago
3 0

he should buy 50 tickets in one lottery because that is a 50/100 chance, or 50% chance

buying one ticket in 50 lotteries he would have a 1/100 chance, or 1% chance

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