SOLUTION: The odds against Lounging Larry winning the horse race are 8:5. Determine the probability that Lounging Larry wins the horse race.

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Question 419149: The odds against Lounging Larry winning the horse race are 8:5. Determine the probability that Lounging Larry wins the horse race.
Answer by ewatrrr(24785) About Me  (Show Source):
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Hi

The odds against Lounging Larry winning the horse race are 8:5. 

Determine the probability that Lounging Larry wins the horse race.

  odds for Lounging Larry winning the horse race are 5:8

 P(winning the race) = 5/13