Answer:
[tex]\frac{3}{50}[/tex]
Step-by-step explanation:
Calculate the total amount of getting a prize first.
1 prize (1st place) + 1 prize (2nd place) + 1 (will win) 3 prizes (honorable mention)
= 3 prizes
Since there are 50 students and only 3 ways to get a prize, there is about
[tex]\frac{3}{50}[/tex] chance to win a prize.
Hope this helps