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A restaurant hands out a scratch-off game ticket with prizes being worth
purchases at the restaurant. The back of the ticket lists the odds of winning
each dollar value: 0.4 for $10, 0.2 for $25, 0.01 for $30, and 0.004 for $75.
What are the odds that the ticket is worth at least $25?

Respuesta :

Using the probability concept, the odds that the ticket is worth at least $25 are of 1:3.67.

What is a probability?

A probability is given by the number of desired outcomes divided by the number of total outcomes.

Considering the probability, the odd is given by:

o = probability:(1 - probability)

From the given table, the probability that the ticket is worth at least $25 is:

p = 0.2 + 0.01 + 0.004 = 0.214.

Hence the odd is:

o = 0.214/(1 - 0.214) = 0.214/0.786 = 1:3.67.

More can be learned about odds and probability at https://brainly.com/question/16363997

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