A Grocery Chain Runs a Prize Game by Giving Each

question 7

Multiple Choice

A grocery chain runs a prize game by giving each customer a ticket that may win a prize when a box is scratched. Printed on the ticket are the following probabilities for a customer who shops once a week:

What is the probability of winning nothing?

• A) 0.31
• B) 0.50
• C) 0.69
• D) 0.80
• E) 0

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Definitions:

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them a right to a portion of the corporation's profits and assets.

Constitution

The core rules or established traditions that govern how a state or any other organization is managed.

Corporation Law

Legal principles that govern the formation, operation, and dissolution of corporations.

Person

An individual human being, but in legal contexts, can also refer to entities recognized by law, such as corporations.