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

Algebra ->  Algebra  -> Probability-and-statistics -> SOLUTION: Suppose the probability of selling a car today is 0.36. Find the odds against selling a car?      Log On

Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   

Question 234602: Suppose the probability of selling a car today is 0.36. Find the odds against selling a car?
Answer by stanbon(48516) About Me  (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?
-------------------------
Definition: "odds against A" = P(not A)/P(A)
-------------------------
P(not selling a car today) = 0.64
---
Odds against selling a car today = 0.64/0.36 = 16:9
=========================================================
Cheers,
Stan H.