let a denote the event of placing a $1 straight bet on a certain lottery and winning. suppose that, for this…

let a denote the event of placing a $1 straight bet on a certain lottery and winning. suppose that, for this particular lottery, there are 3,888 different ways that you can select the four - digits (with repetition allowed) in this lottery, and only one of those four - digit numbers will be the winner. what is the value of p(a)? what is the value of p(a)? p(a)= (round to five decimal places as needed.)

let a denote the event of placing a $1 straight bet on a certain lottery and winning. suppose that, for this particular lottery, there are 3,888 different ways that you can select the four - digits (with repetition allowed) in this lottery, and only one of those four - digit numbers will be the winner. what is the value of p(a)? what is the value of p(a)? p(a)= (round to five decimal places as needed.)

Answer

Explanation:

Step1: Recall probability formula

The probability of an event $P(A)=\frac{\text{Number of favorable outcomes}}{\text{Total number of outcomes}}$.

Step2: Identify values

The number of favorable outcomes (winning) is 1, and the total number of outcomes is 3888. So, $P(A)=\frac{1}{3888}$.

Step3: Calculate and round

$P(A)=\frac{1}{3888}\approx0.00026$

Answer:

$0.00026$