Suppose that the first prize in a lottery is PHP 1,000,000. There are also 5 second prizes of PHP100,000 and 50 third prizes of PHP10,000. If 100,000 tickets are sold , what s the fair price to pay for a ticket to this lottery?
Suppose that the first prize in a lottery is PHP 1,000,000. There are also 5 second prizes of PHP100,000 and 50 third prizes of PHP10,000. If 100,000 tickets are sold , what s the fair price to pay for a ticket to this lottery?
Chapter9: Sequences, Probability And Counting Theory
Section9.5: Counting Principles
Problem 42SE: In horse racing, a “trifecta” occurs when a bettor wins by selecting the first three finishers in...
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Suppose that the first prize in a lottery is PHP 1,000,000. There are also 5 second prizes of PHP100,000 and 50 third prizes of PHP10,000. If 100,000 tickets are sold , what s the fair price to pay for a ticket to this lottery?
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