SOLUTION: The odds against Lounging Larry winning the horse race are 12:5. Determine the probability that Lounging Larry wins the horse race.
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Question 267748: The odds against Lounging Larry winning the horse race are 12:5. Determine the probability that Lounging Larry wins the horse race. Answer by solver91311(24713) (Show Source):
Add the two parts of the odds proportion to get the number of possible outcomes, that is, the denominator of your probability fraction. Since 12:5 is the odds against winning, it is the odds in favor of losing. Hence 12 is the number of losing outcomes, and 5 is the number of winning outcomes.
