SOLUTION: If the odds of winning a raffle are 2:229, what is the probability of winning?

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Question 564869: If the odds of winning a raffle are 2:229, what is the probability of winning?
Answer by ad_alta(240) About Me  (Show Source):
You can put this solution on YOUR website!
The n:m notation should be interpreted as n "winning situatuions" compared to m "losing situations." This means the probability of winning is n/(n+m); in your case, 0.00866.