The probability that a ticket that is randomly chosen will award a larger prize is:

1/5=0.2

Step-by-step explanation:

Let A denote the event that the ticket is a winning ticket.

B denote the event that there is a larger prize.

A∩B denote the event that there is a larger prize on the winning ticket.

Let P denote the probability of an event.

Now according to the given information we have:

Also,

Hence, we are asked to find: P(A∩B)

We know that:

The probability is:

1/5=0.2