in gambling, the chances of winning are often written in terms of odds rather th

Question

in gambling, the chances of winning are often written in terms of odds rather than prot abilities. The odds of winning the ratoofthe number of to the number of unsucpessful outcomes. The odds of losing is the ratio of the number of unsuccessful outcomes to the number of successful outoomes For example if the number of successful outcomes is 2 and the number of unsuccessful outcomes is 3, the odlds of winning are 2.3 (read 2 to 3) or (Note: i the odds of winning Question Help 2 ( are the probability of success is outcomes (Type an integer or decimal rounded to the nearest thousandth as needed.) (Type an integer er or decimal rounded to the nearest thousandth as needed decimal

Explanation / Answer

Odds of event occurring ratio is 4:6 or 4/6

The total number of events = 4+6 =10

A) Probability of odds event occuring= The odds events/ Total number of events = 4/10 = 0.4

The probability of event will occur= 0.4

B) The probability of an event will not occur: 1- P(Event occurring)

P(E ') =1- P(E)

P(E ')= 1- 0.4 =0.6

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