"The probability of winning the $3 prize in your state's lottery is 1/137" means:
A) if you buy 137 lottery tickets, you will win the $3 prize exactly once.
B) if you buy 137,000 lottery tickets, you will win the $3 prize exactly 1000 times.
C) if you buy thousands of lottery tickets, the fraction of tickets that will win the $3 prize will be very close to 1/137.
D) you will win the $3 prize when you buy your 138th ticket.

Question

Quizplus · Accepted Answer

The phrase "probability of winning the $3 prize" refers to the likelihood of winning, not a guarantee. The statement means that for every 137 tickets sold, only one of them will win the $3 prize. Therefore, if a large number of tickets are purchased, the fraction of tickets that win the $3 prize will approach 1/137, but it is not a guarantee that you will win the prize if you buy that many tickets.

"The Probability of Winning the $3 Prize in Your State's