A company just distributed candy bars wrapped with golden tickets hidden within ordinary shipments of their product. The company spokesperson announces that there is a "one in one thousand chance" of someone finding a golden ticket when they open a candy bar, and that 500,000 candy bars have been distributed in the golden ticket promotion. If a person buys three of the candy bars, what is their chance of finding a golden ticket?

Question

Quizplus · Accepted Answer

A person with three eligible candy bars has a 0.3% chance of receiving one of the golden tickets. There is one golden ticket in every 1000 candy bars and there are 500,000 candy bars that could possibly have the prize. That means there are 500 golden tickets waiting to be found, and each candy bar has a 0.1% chance of having a ticket (500/500,000). If the person has three candy bars, that triples their 0.1% chance of finding a golden ticket.

A Company Just Distributed Candy Bars Wrapped with Golden Tickets