Customers who collect four winning lottery tickets are, Ask an Expert

Management Studies

Ralph's Gas Station is running a giveaway promotion. With every fill-up of gasoline, Ralph gives out a lottery ticket which has a 25% of chance of being a winning ticket. Customers who collect four winning lottery tickets are eligible for the "BIG SPIN" for large payoffs. What is the probability of qualifying for the big spin if a customer fills up 7 times?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M987296

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