Question 1039888
More odds. We can calculate odds if we know the probability. But we can also go the other way. 
Suppose the odds in favor of an event are 3 to 2.We can interpret this as saying that there are three (equally likely) favorable outcomes and two unfavorable ones. That is a total of five outcomes. So the probability of the event occurring is 3/5. In general, if the odds in favor are p to q, then the probability is p/(p + q). 
Suppose the odds in favor of an event are 8 to 5. 
What is the probability that the event will occur? 
Give the probability as a decimal.:: Ans:: 8/(8+5) = 8/13
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(Fill in the blank below and round your answer to 3 decimal places.) 
The probability that the event will occur is .:: 8/13 = 0.615
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What is the probability that the event will not occur? Give the probability as a decimal.:: 5/13 = 0.385 
(Fill in the blank below and round your answer to 3 decimal places.) 
The probability that the event will not occur is . 0.385
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Cheers,
Stan H.
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