Respuesta :
Probability helps us to know the chances of an event occurring. The odds in favour of winning $5 or more is 23%.
What is Probability?
Probability helps us to know the chances of an event occurring.
[tex]\rm Probability=\dfrac{Desired\ Outcomes}{Total\ Number\ of\ outcomes\ possible}[/tex]
To win $5 or more, the participant needs to draw a blue or yellow ticket. Therefore, the probability of winning a yellow or blue ticket is,
Probability
= (Number of blue tickets + Number of the yellow ticket)/ Number of tickets
= (25+5)/130
= 0.23 = 23%
Hence, the odds in favour of winning $5 or more is 23%.
Learn more about Probability:
https://brainly.com/question/795909
#SPJ2