SOLUTION: Suppose the probability of selling a car today is 0.36. Find the odds against selling a car?

Question 234602: Suppose the probability of selling a car today is 0.36. Find the odds against selling a car?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Suppose the probability of selling a car today is 0.36. Find the odds against selling a car?
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Definition: "odds against A" = P(not A)/P(A)
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P(not selling a car today) = 0.64
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Odds against selling a car today = 0.64/0.36 = 16:9
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Cheers,
Stan H.
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