Question: A state lottery pays $500 for a $1 ticket if a person picks the correct three-digit number determined by the random draw of three numbered

A state lottery pays $500 for a $1 ticket if a person picks the correct three-digit number determined by the random draw of three numbered balls. To find the number of drawings x required to have a 50% chance of winning, we must solve the equation 1 − 0.999x = 0.5. For how many drawings does a person have to buy a ticket to have a 50% chance of winning?

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