SOLUTION: Please help me with the following: The probability you'll win the race is 85%. What are the odds you'll win the race? If possible, I would appreciate an explanation on how to solve
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Question 552031: Please help me with the following: The probability you'll win the race is 85%. What are the odds you'll win the race? If possible, I would appreciate an explanation on how to solve problems like these. Thank you. Answer by edjones(8007) (Show Source):
You can put this solution on YOUR website! The probability that you wont win is 15%
In 100 races you will probably win 85 and lose 15 so the odds in favor of you wining are 85 to 15 or 17 to 3.
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Ed
