SOLUTION: What is the concept of 2 to 5 odds and the probability example there is a 2 to 5 odds that we will win the lottery, what is the probability that we wont? and that we will?

Question 469291: What is the concept of 2 to 5 odds and the probability
example
there is a 2 to 5 odds that we will win the lottery, what is the probability that we wont? and that we will?
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
there is a 2 to 5 odds that we will win the lottery.
That means that the odds in favor of winning are 2 to 5 and the odds against are 5 to 2.
The probability that we will win is 2/(5+2) = 2/7; the probability that we wont is 1 - 2/7 = 5/7.
.
Ed
RELATED QUESTIONS
please help me to solve this there are three candidates A,B,and C for an elective... (answered by mathmate)

If a lottery ticket gives 1:99 odds, what is the probability of drawing two winning... (answered by stanbon)

We can calculate odds if we know the probability. But we can also go the other way.... (answered by josmiceli)

If the odds in favor of the Rangers winning the game are 7 to 5, what is the probability... (answered by stanbon,rapaljer)

The odds against Pat�s winning the election are 5:7. With these odds, what is the... (answered by stanbon)

If the odds against Eagleton winning the election are 4 to 5, then what is the... (answered by stanbon)

the odds against a canidate winning an electionare given at 1 to 4. A) what are the... (answered by Mathtut)

The odds against a candidate winning an election are given at 1 to 4. a. what are the... (answered by sudhanshu_kmr)

These probability questions are a duzy for me. Can you help More odds. We can... (answered by jim_thompson5910,stanbon)