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A person buys a lottery ticket in 50 lot...

A person buys a lottery ticket in 50 lotteries, in each of which his chance of winning a prize is `(1)/(100)` . What is the probability that he will win a prize
a. atleast once
b. exactly once
c. atleast twice?

Text Solution

Verified by Experts

The correct Answer is:
a. `1- ((99)/(100))^(50)` b. `(1)/(2)((99)/(100))^(49)`, c. `1- (149)/(100)((99)/(100))^(49)`
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