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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 exactly once.

Text Solution

Verified by Experts

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