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06.02.2008 at 06:18AM PDT, ID: 23449724
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Calculating probability for lottery draw

Asked by oconnork00 in Probability & Statistics

Hi all,

I was wondering if someone could explain to me how to calculate some probabilites please:

There is a draw with 300,000 tickets being sold.

The top prize is one million, and there are two draws so there will be two millionaires from this draw.

In total, there will be 532 prizes ranging in various money amounts, and two of these prizes are a million each.

What is the probability of getting drawn for the millionaire draw if I buy one ticket? Now how about two?

Also, what is the probability of getting any prize with one ticket? Now how about two?

Many thanks for the help here, I would appreciate it if you could show the workings as I would like to get my head around this.

Many thanks,

Kevin
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Keywords: Calculating probability for lottery draw
Title
1 Lottery Probability.
2 Lottery Numbers
3 UK Lottery
4 Picture Drawing in illustrator
5 BRITISH NATIONAL LOTTERY
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[+][-]06.02.2008 at 07:11AM PDT, ID: 21692103

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