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.
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.