On a TV game show, 12 people have won the grand prize and a total of 498 people have competed. Estimate the probability of winning the grand prize

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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On a TV game show, 12 people have won the grand prize and a total of 498 people have competed. Estimate the probability of winning the grand prize

 

Expert Solution
Step 1

Given that,

The total number of people who competed is 498

n=498

The 12 people won the grand prize.

The probability is the ratio of the number of favorable outcomes of the event to the total number of outcomes.

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