Probability of Becoming a Billionaire

The video tutorial discusses the probability of winning the Powerball lottery versus becoming a billionaire in the United States. It explains that the probability of winning the lottery is 1 in 175,223,511, while the probability of becoming a billionaire is 0.000001. The tutorial converts the decimal probability into a fraction to facilitate comparison, showing that becoming a billionaire is roughly 175 times more likely than winning the lottery.

What is the probability of winning the Powerball lottery?

• 1 in 175,223,511

• 1 in 100,000,000

• 1 in 500,000,000

• 1 in 1,000,000

What is the probability of becoming a billionaire in the United States?

• 0.00001

• 0.0000001

• 0.000001

• 0.0001

How is the probability of becoming a billionaire expressed as a fraction?

• 1/100,000

• 1/1,000,000

• 1/10,000,000

• 1/100,000,000

Which place value does the '1' in 0.000001 represent?

• Hundred thousandths

• Ten thousandths

• Millionths

• Thousandths

What is the denominator when the probability of winning the Powerball is expressed as a fraction?

• 500,000,000

• 100,000,000

• 175,223,511

• 1,000,000

Which probability is smaller: winning the Powerball or becoming a billionaire?

• Winning the Powerball

• Cannot be determined

• Becoming a billionaire

• Both are equal

What is the numerator in both probability fractions discussed?

• 0

• 100

• 1

• 10

By what factor is the probability of becoming a billionaire more likely than winning the Powerball?

• 200 times

• 250 times

• 100 times

• 175 times

If you randomly select a person, which event is more probable?

• Both are equally probable

• Becoming a billionaire

• Neither is probable

• Winning the Powerball

What is the main conclusion about the likelihood of the two events?

• Becoming a billionaire is more likely

• Winning the Powerball is more likely

• Neither event is likely

• Both events are equally likely