SOLUTION: if the odds against an event are 7:5, then the probability of the event is?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: if the odds against an event are 7:5, then the probability of the event is?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1117000: if the odds against an event are 7:5, then the probability of the event is?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
if the odds against an event are 7:5, then the probability of the event is?
7:5 against --> 7/12 against.
--> 5/12 for the event.