Question

in a certain instant lottery game, the chances of a win are stated as 23 out of 100. express the indicated degree of likelihood as a probability value between 0 and 1 inclusive.

the probability is
(round to two decimal places as needed.)

Explanation:

Step1: Recall probability formula

Probability is the number of favorable outcomes divided by the total number of outcomes. Here, favorable outcomes (wins) are 23, total outcomes are 100. So the probability \( P=\frac{23}{100} \).

Step2: Calculate the value

\( \frac{23}{100}=0.23 \) (since dividing by 100 moves the decimal two places left).

Answer:

0.23