A Total of 50 Raffle Tickets Are Sold for a Contest

question 150

Multiple Choice

A total of 50 raffle tickets are sold for a contest to win a car. If you purchase one ticket, what are your odds against winning?

• A) 49 to 1
• B) 50 to 1
• C) .05
• D) .01

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Definitions:

Net Benefits

The difference between the total benefits and total costs of a particular action or decision.

Social Regulation

Consists of policies and rules designed to correct behaviors that are not in the best interest of society, including environmental protection and worker safety.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.

Harmony

A state of peacefulness or agreement in feelings, actions, ideas, or interests among individuals or groups.