In a lottery, there are 5 prized tickets and 995 blank tickets. A person buys a lottery ticket. Find the probability of his winning a prize.
In a lottery, there are 5 prized tickets and 995 blank tickets. A person buys a lottery ticket. Find the probability of his winning a prize.

Solution:

Number of prized tickets = 5

Number of blank tickets = 995

Total number of tickets = 5+995 = 1000

The probability of winning a prize, P(E)

P(E) = 5/1000 = 1/200

Hence the required probability is 1/200.