Odds / Probability question :

February 1st, 2018, 06:28 PM

Question :

If there are 1,000,000 people in a lottery ( drawing ) , you enter for 5 of the 10 different prizes they offer ( so 100 entries per 5 prizes ) , you enter 500 entries ( on Average ) into the Drawing per month , and the Drawing occurs every 4 Months

What then , are your Odds of winning 1 of the 5 Prizes that you are trying to win ?

I hope my question makes sense

Thanks so much for any help

February 1st, 2018, 06:35 PM

Probability of winning a prize is .0005 or 1 in 2000 as far as I can gather

February 1st, 2018, 06:47 PM

TheShrike ,

so theoretically , if I enter 2,000 tickets , I should win at least 1 of the 5 prizes ?

Thank you again for your help

February 1st, 2018, 06:53 PM

No, if you bought 2000 tickets your odds of winning would increase to 4 in 2000 or .002 That's assuming a lot of things in this example by the way. It's not worded thoroughly enough.

Odds / Probability question :

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Odds / Probability question :