SOLUTION: Suppose the probability of selling a car today is 0.34. Find the odds against selling a car today?

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Question 354285: Suppose the probability of selling a car today is 0.34. Find the odds against selling a car today?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
Hi,
.
Probability of selling a car today is 0.34 = 34/100 = 17/50
.
Therefore, the ODDS of selling a car are = 17+%2F%2850-17%29 = 17/33
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or 17:33 woud be the odds in favor (Number of Successes : Number of Failures)
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ODDS against selling a car today are 33:17 (Number of Failures : Number of Successes )