A restaurant hands out a scratch-off game ticket with prizes being worth purchases at the restaurant. The back of the ticket lists the odds of winning each dollar value: 0.05 for $10, 0.04 for $25, 0.01 for $50, and 0.003 for $100. What are the odds that the ticket is worth at least $25?

0.05412

Step-by-step explanation:

Formula : Odds of having an event is given by  , where p = probability that event happens.

In terms to find p , we use

Given, he back of the ticket lists the odds of winning each dollar value: 0.05 for $10, 0.04 for $25, 0.01 for $50, and 0.003 for $100.

Let X be the worth of ticket.

Then, the probability that the ticket is worth at least $25 =

The odds that the ticket is worth at least $25 =

=0.05412

hence, the odds that the ticket is worth at least $25 is 0.05412 .

2.83941151 would be the answer you're looking for! : )