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) About Me  (Show Source):
You can put this solution on YOUR website!
Probability or winning = Successes%2F%28Successes%2BFailures%29

Odds of losing = Failures:Successes

Change 12.08 to a fraction:

12.08 = 12+8%2F100%29%29%29+=+12%2B%7B%7B%7B2%2F25 = 300%2F25+2%2F25 = 302%2F25 = 302:25

Odds of losing = Failures:Successes = 302:25

So we can take Failurea = 302 and Successes = 25

Probability or winning = Successes%2F%28Successes%2BFailures%29 = 25%2F%2825%2B302%29 = 25%2F327 = 0.0764525994

Edwin