If the probability of winning a prize in a raffle is 0.025, what is the probability of not winning a prize?
Question
If the probability of winning a prize in a raffle is 0.025, what is the probability of not winning a prize?
Solution
The probability of an event not happening is calculated by subtracting the probability of the event happening from 1.
So, in this case, the probability of not winning a prize is calculated as follows:
1 (total probability of all outcomes) - 0.025 (probability of winning) = 0.975
Therefore, the probability of not winning a prize in the raffle is 0.975 or 97.5%.
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