SOLUTION: The odds against Lounging Larry winning the horse race are 12:5. Determine the probability that Lounging Larry wins the horse race.

Question 267748: The odds against Lounging Larry winning the horse race are 12:5. Determine the probability that Lounging Larry wins the horse race.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Add the two parts of the odds proportion to get the number of possible outcomes, that is, the denominator of your probability fraction. Since 12:5 is the odds against winning, it is the odds in favor of losing. Hence 12 is the number of losing outcomes, and 5 is the number of winning outcomes.

John

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