SOLUTION: Carmen, a computer sales representative, believes that the odds are 8 to 5 that she will clinch the sale of a minicomputer to a certain company. What is the (subjective) probabilit

Algebra ->  Probability-and-statistics -> SOLUTION: Carmen, a computer sales representative, believes that the odds are 8 to 5 that she will clinch the sale of a minicomputer to a certain company. What is the (subjective) probabilit      Log On


   

Question 925088: Carmen, a computer sales representative, believes that the odds are 8 to 5 that she will clinch the sale of a minicomputer to a certain company. What is the (subjective) probability that Carmen will make the sale?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
Odds of Sale, 8:5
P(sale) = 8/13