SOLUTION: The odds against Lounging Larry winning the horse race are 5:12. Determine the probability that Lounging Larry wins the horse race.

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Question 628111: The odds against Lounging Larry winning the horse race are 5:12. Determine the probability that Lounging Larry wins the horse race.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,

odds against winning 5:12   |m:n odds against:  event will not occur m times for every n times it does occur.



P(winning) = 12/17