In the Virginia Instant Lottery, There Are 10 Different $5

question 15

Multiple Choice

In the Virginia instant lottery, there are 10 different $5 Scratcher games. Your favorite, "Hit the Jackpot," is advertised to have a 1-in-4.37 chance of winning, and a 1-in-664,457 chance of hitting the top prize of $200,000. All of the seven top prizes are still available. If you buy five of these tickets and outcomes are independent, the probability that you will not win the jackpot is:

• A)0.9.
• B)0.95.
• C)0.99.
• D)0.999.

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Definitions:

Lease Termination

The ending of a lease agreement either by mutual agreement, expiration of the lease term, or other means as specified in the contract or by law.

Rental Period

The agreed upon duration between a landlord and tenant during which the tenant has the right to use and occupy the rental property.

Mortgage

A means of securing loans; title of property is held by the moneylender as security in some jurisdictions; in other jurisdictions, a mortgage is simply a charge against title.

Debtor

An individual or entity that owes money to another party, typically referred to in the context of loans, credit, or other financial obligations.