Math Problem Statement

Solution

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Math Problem Analysis

Mathematical Concepts

Binomial probability
Complementary probability
Profit and loss calculation

Formulas

P(at least one prize) = 1 - (q^n)
q = 1 - p (probability of not winning)
Profit = Revenue - Cost

Theorems

Binomial theorem
Logarithmic functions for probability

Suitable Grade Level

Grades 10-12