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Lottery: You enter a lottery by purchasing one of the 500 tickets. There is 1 grand...

Lottery: You enter a lottery by purchasing one of the 500 tickets. There is 1 grand prize winner, 5 second prize winners, and 9 small prize winners. These are selected at random from a bin containing all the tickets.

(a) What is the probability that you will win the grand prize? Express your answer as an exact decimal (not a percent and do not round).


(b) What is the probability that you will win a prize of some type? Express your answer as an exact decimal (not a percent and do not round).

Math   Statistics-And-Probability   
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General Probability Calculations.

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