document.write( "Question 1102549: The odds of losing money on a particular stock is 8 to 2. What is the probability that money will be lost on the stock? Show your work... \n" ); document.write( "

Algebra.Com's Answer #717249 by Edwin McCravy(20086) $\"\"$ $\"About$

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The odds of losing money on a particular stock is 8 to 2.
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document.write( "That means that on the average, that for every 8 times you lose \r\n" );
document.write( "money on a stock, there are 2 times when you earn money or break\r\n" );
document.write( "even on a stock.\r\n" );
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document.write( "Therefore on the average, out of every 10 times when you invest \r\n" );
document.write( "in a stock, you lose money 8 of those times and you earn money or\r\n" );
document.write( "break even on 2 of those times.\r\n" );
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document.write( "So the probability of losing money is 8 times out of 10, or 8/10\r\n" );
document.write( "which reduces to 4/5.\r\n" );
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document.write( "Edwin

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