Each year, there is a 1 in 500 chance that a meteor will hit the earth's surface. What is the probability that within 500 years, there is a meteor that will hit the earth's surface?
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The probability of (no meteor hits the Earth's surface in 500 years):
( 1 − 5 0 0 1 ) 5 0 0 = 0 . 3 6 7 5 (4 d. p.)
The probability of (at least one meteor hits the Earth's surface in 500 years):
1 − 0 . 3 6 7 5 = 0 . 6 3 2 5 (4 d. p.) = 0 . 6 3 (2 d. p.) = 6 3 %