In a sweepstakes sponsored by Gemini Paper Products, 150,000 entries have been received. If 1 grand prize is drawn, and 5 first prizes, 20 second prizes, and 550 third prizes are to be awarded, what is the probability that a person who has submitted one entry will win the following? (a) the grand prize (Round your answer to eight decimal places.) (b) a prize (Round your answer to four decimal places.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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In a sweepstakes sponsored by Gemini Paper Products, 150,000 entries have been received. If 1 grand prize is drawn, and 5 first prizes, 20 second prizes, and 550 third prizes are to be awarded, what is the probability that a person who has submitted one entry will win the following?

(a) the grand prize (Round your answer to eight decimal places.)


(b) a prize (Round your answer to four decimal places.)
 
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