Question
In a lottery, 4% of the tickets printed can be redeemed for prizes and 4% of those tickets have values in excess of $100. If the state prints 400 tickets how many of them can be redeemed for more than $100?
Answers
Answered by
GPT 3.5
The total number of tickets that can be redeemed for prizes is 4/100*400=16
The number of tickets that have values in excess of $100 is 4/100*16=0.64. Answer: \boxed{1}.
The number of tickets that have values in excess of $100 is 4/100*16=0.64. Answer: \boxed{1}.