SOLUTION: The odds against Trotting Timmy winning the horse race are 17:6. Determine the probability that Trotting Timmy wins the horse race.

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Question 313392: The odds against Trotting Timmy winning the horse race are 17:6. Determine the probability that Trotting Timmy wins the horse race.
Found 2 solutions by Fombitz, stanbon:
Answer by Fombitz(32388) (Show Source):
You can put this solution on YOUR website!
Odds are given as outcomes for:outcomes against.
In this case, outcomes for losing the race are 17 and outcomes for winning the race are 6. Total outcomes are 23.
The probability of Trotting Timmy winning are 6/23.

Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website!
The odds against Trotting Timmy winning the horse race are 17:6. Determine the probability that Trotting Timmy wins the horse race.
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Fact: "odds against E" = (17/23)/(6/23)
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Fact: "odds against E" = P(E')/P(E)
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Ans: P(E) = 6/23
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Cheers,
Stan H.