Determine what is the probability of the outcome

Reference no: EM13221668

Out of millions of instant lottery tickets, suppose that 20% are winners. If five tickets are purchased, (0, 0, 0, 1, 0) is a possible observed sequence in which the 4th ticket is a winner and the other four are losers. Assuming independence among winning and losing tickets, what is the probability of this outcome?

Reference no: EM13221668

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