SOLUTION: For a certain horse race,the odds in favor of a certain horse finishing in second place are given as 63 to 37. expressed the indicated degree of likelihood as a probability value b

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Question 1205271: For a certain horse race,the odds in favor of a certain horse finishing in second place are given as 63 to 37. expressed the indicated degree of likelihood as a probability value between zero and one inclusive.
The probability is __ (round to two decimal places as needed)
Answer by ikleyn(52909) About Me  (Show Source):
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For a certain horse race,the odds in favor of a certain horse finishing in second place
are given as 63 to 37. expressed the indicated degree of likelihood as a probability value between zero and one inclusive.
The probability is __ (round to two decimal places as needed)
~~~~~~~~~~~~~~~~~~ 

The odds 63 to 37 in favor of a certain horse finishing in second place

is the same as the probability  63%2F%2863%2B37%29 = 63%2F100 = 0.63 that 

this certain horse finishing in second place.

Solved.