SOLUTION: If the probability of an event is 0.65, what are the odds in favor of the event? Write answer as a ratio using a colon to separate the two numbers, and the ratio must be reduced to
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: If the probability of an event is 0.65, what are the odds in favor of the event? Write answer as a ratio using a colon to separate the two numbers, and the ratio must be reduced to
Log On
Question 1115296: If the probability of an event is 0.65, what are the odds in favor of the event? Write answer as a ratio using a colon to separate the two numbers, and the ratio must be reduced to lowest terms –for example, 25:15 must be reduced to 5:3. Answer by math_helper(2461) (Show Source):
You can put this solution on YOUR website! P(event) = 0.65 = 65/100
P(no event) = 1-0.65 = 0.35 = 35/100
Odds in favor = (65/100) : (35/100) = 65:35 =
