MickeyD has a lottery scratch card that claims "1 in 4 wins". Assuming that there are many scratch cards so that the chance that each card wins is 1/4 independently.
What is the approximate probability that when you scratch 4 lottery cards, you will win a prize?
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The probability of not winning a prize, when scratching 4 cards:
( 1 − 0 . 2 5 ) 4 = 0 . 7 5 4 = 0 . 3 1 6 4 0 6 2 5
Hence, the probability of winning at least one prize, when scratching 4 cards:
1 − ( 1 − 0 . 2 5 ) 4 = 1 − 0 . 7 5 4 = 1 − 0 . 3 1 6 4 0 6 2 5 =
= 0 . 6 8 3 5 9 3 7 5 = 7 0 % ( 1 s. f. )