A cereal company hopes to increase its sales by putting prizes in randomly selected boxes of its lowest-selling children’s cereal. The company claims that the probability of getting a prize is 0.75.Which is the correct interpretation of this probability?

A probability of 0.75 means that, over many boxes, about 75% are expected to contain a prize. It does not guarantee exactly 3 prizes in every 4 boxes, or exactly 75 prizes in every set of 100. Therefore, the correct interpretation is that many boxes will contain a prize about 75% of the time.

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