SOLUTION: The odds against Lounging Larry winning the horse race are 3:8. Determine the probability that Lounging Larry wins the horse race.
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Question 467386: The odds against Lounging Larry winning the horse race are 3:8. Determine the probability that Lounging Larry wins the horse race.
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Hint: If odds against are A:B, then the probability of winning is
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