The Odds Against Winning $1

question 73

Multiple Choice

The odds against winning $1.00 in the lottery are 19 to 1. What is the probability of winning $1.00 in the lottery?

• A) 0.05
• B) 0.0526
• C) 0.90
• D) 0.95

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Definitions:

Planning Steps

Sequential actions or stages involved in designing a strategic roadmap to achieve specific goals or objectives.

Great Goals

Ambitious objectives that challenge and inspire individuals or teams towards significant achievement.

Challenging

Presenting difficulty or demanding effort to be undertaken, often leading to personal growth or development.

Realistic

Pertaining to the acceptance and representation of things as they are, often in contrast to how they might be idealized or imagined.