SOLUTION: If the probability of not winning is 0.526, what are the odds for winning?

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Question 748226: If the probability of not winning is 0.526, what are the odds for winning?
Found 2 solutions by Edwin McCravy, AnlytcPhil:
Answer by Edwin McCravy(20054)   (Show Source): You can put this solution on YOUR website!
what are the odds for winning?


the probability of not winning is 0.526
That's the probability of losing.

So the probability of winning is 1 - 0.526 = 0.474

 0.474 : 0.526

Multiply both parts of the ratio by 1000

 474 : 526

Divide both parts of the ratio by 2

 237 : 263

Edwin
Answer by AnlytcPhil(1806)   (Show Source): You can put this solution on YOUR website!
what are the odds for winning?


the probability of not winning is 0.526
That's the probability of losing.

So the probability of winning is 1 - 0.526 = 0.474

 0.474 : 0.526

Multiply both parts of the ratio by 1000

 474 : 526

Divide both parts of the ratio by 2

 237 : 263

Edwin
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