Suppose that on five consecutive days an "instant winner" lottery ticket is purchased and the probability of winning is 1/4 on each day. What is the probability of purchasing three winning tickets and two losing tickets?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 21E
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Suppose that on five consecutive days an "instant winner" lottery ticket is purchased and the probability of winning is 1/4 on each day. What is the probability of purchasing three winning tickets and two losing tickets?

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