SOLUTION: Suppose the odds of losing are 12.08. What is the probability of winning?

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Question 746058: Suppose the odds of losing are 12.08. What is the probability of winning?
Answer by Edwin McCravy(20081)   (Show Source): You can put this solution on YOUR website!
Probability or winning = 

Odds of losing = Failures:Successes

Change 12.08 to a fraction:

12.08 = 12+ = + =  = 302:25

Odds of losing = Failures:Successes = 302:25

So we can take Failurea = 302 and Successes = 25

Probability or winning =  =  =  = 0.0764525994

Edwin
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