Question 748226: If the probability of not winning is 0.526, what are the odds for winning? Found 2 solutions by Edwin McCravy, AnlytcPhil:Answer by Edwin McCravy(20054) (Show Source):
That's the probability of losing.
So the probability of winning is 1 - 0.526 = 0.474
0.474 : 0.526
Multiply both parts of the ratio by 1000
474 : 526
Divide both parts of the ratio by 2
237 : 263
Edwin
That's the probability of losing.
So the probability of winning is 1 - 0.526 = 0.474
0.474 : 0.526
Multiply both parts of the ratio by 1000
474 : 526
Divide both parts of the ratio by 2
237 : 263
Edwin