You are in a lucky draw there is a 0.02% chance that you can win you have 10 tickets. From logic we can say that 0.02 power 10 but should I not have a higher chance of winning the lucky draw can you please explain.
In: 1
0.02^10 would be the probability that all ten of your tickets win.
If you want to know the probability that at least one of your tickets wins, it’s much easier to calculate the probability that none of your tickets win and then subtract that from one.
If the probability of a ticket winning is 0.02, then the probability that it loses is 0.98. If you have 10 tickets, the probability that all of them lose is 0.98^10 ~= 0.817.
So if you have ten tickets, the probability that at least one will win is 0.183.
Latest Answers