SOLUTION: Suppose the probability of selling a car today is 0.36. Find the odds against selling a car today?
Algebra.Com
Question 354296: Suppose the probability of selling a car today is 0.36. Find the odds against selling a car today?
Found 4 solutions by ewatrrr, 3882, ikleyn, greenestamps:
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
Hi,
.
If the probability of selling a car today = 0.36 = 36/100 = 9/25
.
Then, the ODDS of selling a car today =
.
or 9:16 woud be the odds in favor (Number of Successes : Number of Failures)
.
ODDS against selling a car today are 16:9 (Number of Failures : Number of Successes )
Answer by 3882(1) (Show Source): You can put this solution on YOUR website!
sell: 18/50; no sell: 32/50
ratio: 32:18
Answer by ikleyn(52873) (Show Source): You can put this solution on YOUR website!
.
Odds for selling a car today are 0.36 against 0.64 for not selling, or, which is the same,
odds for selling a car today are 36 against 64 for not selling.
By reducing the common factor of 4 the final statement is
"the odds for selling are 9 against 16 for not selling". ANSWER
Answer by greenestamps(13208) (Show Source): You can put this solution on YOUR website!
P(selling) = 0.36
P(not selling) = 1-0.36 = 0.64
Odds IN FAVOR OF selling = 0.36:0.64 = 36:64 = 9:16
Odds AGAINST selling = 0.64:0.36 = 64:36 = 16:9
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