# Look up the capacity of an event center near you. For example: If I lived in Los Angeles, I could look up the capacity of the staples center and find out it seats 18,118. Imagine you are in the event center, if they draw your seat number you will win $100

Look up the capacity of an event center near you. For example:
If I lived in Los Angeles, I could look up the capacity of the
staples center and find out it seats 18,118. Imagine you are in the
event center, if they draw your seat number you will win $1000,
what is the probability that you will win? If you had to pay to
enter a drawing with the same probability of winning, how much
would you be willing to pay to enter?

Field of study:

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