Question

in a certain instant lottery game, the chances of a win are stated as 29 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 calculated as the number of favorable outcomes divided by the total number of possible outcomes. Here, favorable outcomes (winning) are 29, total outcomes are 100. So the probability formula is $P = \frac{\text{Number of wins}}{\text{Total number of trials}}=\frac{29}{100}$.

Step2: Calculate the value

$\frac{29}{100}= 0.29$ (since dividing 29 by 100 moves the decimal two places to the left).

Answer:

0.29