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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
atleast once?

Text Solution

Verified by Experts

The correct Answer is:
(i) `1 - ((99)/(100))^(50)`
(ii) `(1)/(2)((99)/(100))^(49)`
(iii) `1 - (149)/(100)((99)/(100))^(49)`
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