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For a certain casino slot machine, the odds in favor of a win are given as 67 to 33. Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive. The probability is ___

For A Certain Casino Slot Machine The Odds In Favor Of A Win Are Given As 67 To 33 Express The Indicated Degree Of Likelihood As A Probability Value Between 0 A class=

Answer :

Data:

• Odds in favor of a win are given as 67 to 33.

Procedure

• We have to find the total sample (,T,), which can be calculated as follows:

[tex]T=67+33=100[/tex]

Then, to calculate the probability, we have to divide the odds in favor of a win by T.

[tex]\frac{67}{100}=0.67[/tex]

Answer: 0.67

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