SOLUTION: The odds against Lounging Larry winning the horse race are 8:5. Determine the probability that Lounging Larry wins the horse race.

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Question 419149: The odds against Lounging Larry winning the horse race are 8:5. Determine the probability that Lounging Larry wins the horse race.
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi
The odds against Lounging Larry winning the horse race are 8:5.
Determine the probability that Lounging Larry wins the horse race.
odds for Lounging Larry winning the horse race are 5:8
P(winning the race) = 5/13
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