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Chapter 9: Q. 33 (page 538)

The probability of winning the grand prize at a particular carnival game is 0.005. Is the outcome of winning very likely or very unlikely?

Short Answer

Expert verified

The outcome of winning the grand prize at the game is very unlikely.

Step by step solution

01

Given information

The probability of winning the grand prize at a carnival game is 0.005.

02

Explanation

Assume that the likelihood of winning the game is 100 percent to assess if it is likely or unlikely. If the winning outcome is0.005, the likelihood of winning the game is 0.5 percent, and the probability of losing the game is 95 percent, according to the data. The grand prize at the carnival game is exceedingly unlikely because the loss probability is higher than the winning probability.

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