Lottery: One million tickets were sold for a lottery in which a single prize will be awarded.

Question

a)If you purchase a ticket, determine your odds against winning.

b)If you purchase 10 tickets, determine your odds against winning.

Answer 1

a) 999,999/1,000,000

b) (999,999/1,000,000)^10

Answer 2

1M tickets are sold for a lottery in which a single prize will be awarded

a) If you purchase a ticket, determine your odds against winning.

999,999:1

b) If you purchase 10 tickets, determine your odds against winning.

P(10/1,000,000)= 1/100,000 99,999:1