Probability of Winning the Lottery
Hi folks,
I'm running through a practice exam for a Stats midterm I have next week. There is one question in particular where I'm not sure how to get to the answer provided:
"In an instant lottery, your chances of winning are 0.2. If you play the lottery five times and outcomes are independent, the probability that you win at least one time is..."
The answer given is 0.6723.
Can anyone help me wrap my brain around this one? Not sure how to get to that particular solution.