There are 100 prize tickets among 1000 tickets in a lottery


Question: There are 100 prize tickets among 1000 tickets in a lottery. What is the expected number of prize tickets you will get if you buy 3 tickets? What is a simple upper bound for the probability that you will win at least one prize? Compare with the actual probability why is the bound so close?

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Basic Statistics: There are 100 prize tickets among 1000 tickets in a lottery
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