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