For a certain casino slot machine, the odds in favor of a win are given as...

Question

Question

For a certain casino slot machine, the odds in favor of a win

are given as 71 to 29. Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive.

The probability is ?

(Round to two decimal places as needed.)

math Statistics-And-Probability

Answer 1

Answer #1

the odds in favor of a win are given as 71 to 29

probability = 71 / (71+29) = 71 / 100

probability = 0.71

probability value between 0 and 1 inclusive.

Answer 2

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