SOLUTION: Suppose the probability of selling a car today is 0.34. what are the odds of selling a car today?
Algebra
->
Probability-and-statistics
-> SOLUTION: Suppose the probability of selling a car today is 0.34. what are the odds of selling a car today?
Log On
Algebra: Probability and statistics
Section
Solvers
Solvers
Lessons
Lessons
Answers archive
Answers
Click here to see ALL problems on Probability-and-statistics
Question 293588
:
Suppose the probability of selling a car today is 0.34. what are the odds of selling a car today?
Answer by
brucewill(101)
(
Show Source
):
You can
put this solution on YOUR website!
Odds are generally stated in x-1. For example, if there were 1 way to do something, and 3 possibilities, the "odds" would be 3-1.
All we do is divide 1 by the probablity.
or 1-2.94.