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NEW QUESTION: 1
The sponsors of a well-known charity came up with a unique idea to attract wealthy patrons to the $500 a plate dinner. After the dinner, it was announced that each patron attending could buy a set of 20 tickets for the gaming tables. The chance of winning a prize for each of the 20 plays is 50-50. If you bought a set of
20 tickets, what is the chance that you will win 15 or more prizes?
A. 0.750
B. None of these answers
C. 0.021
D. 0.006
E. 0.250
Answer: C
Explanation:
Explanation/Reference:
Explanation:
This is a binomial probability. The probability of getting r successes out of n trials where the probability of success each trial is p and probability of failure each trial is q (where q = 1-p) is given by: n!(p
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