SOLUTION: Suppose the probability of selling a car today is 0.36. Find the odds against selling a car today?

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Question 354296: Suppose the probability of selling a car today is 0.36. Find the odds against selling a car today?
Found 4 solutions by ewatrrr, 3882, ikleyn, greenestamps:
Answer by ewatrrr(24785)   (Show Source):
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Hi,
.
If the probability of selling a car today = 0.36 = 36/100 = 9/25
.
Then, the ODDS of selling a car today =
.
or 9:16 woud be the odds in favor (Number of Successes : Number of Failures)
.
ODDS against selling a car today are 16:9 (Number of Failures : Number of Successes )

Answer by 3882(1)   (Show Source):
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sell: 18/50; no sell: 32/50
ratio: 32:18

Answer by ikleyn(52866)   (Show Source):
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.

Odds for selling a car today are 0.36 against 0.64 for not selling, or, which is the same,

odds for selling a car today are 36 against 64 for not selling.

By reducing the common factor of 4 the final statement is

            "the odds for selling are 9 against 16 for not selling".             ANSWER

Answer by greenestamps(13206)   (Show Source):
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P(selling) = 0.36

P(not selling) = 1-0.36 = 0.64

Odds IN FAVOR OF selling = 0.36:0.64 = 36:64 = 9:16

Odds AGAINST selling = 0.64:0.36 = 64:36 = 16:9