The odds against Lounging Larry winning the horse race are 5:12. Determine the probability that Lounging Larry wins the horse race.

Question

anonymous · Answer

how did u get that.. I am so lost when it comes to this

anonymous · Answer

they dont have that answer for multiple choice... 5/12, 12/5,17/5, 5/17, 12/17 are the ones they gave me

a_clan · Answer

answer is simply 12/5

a_clan · Answer

the reverse

anonymous · Answer

ok

anonymous · Answer

One thousand raffle tickets are sold for $1.00 each. One grand prize of $400 and two consolation prizes of $100 each will be awarded. Jeremy purchases one ticket. Find his expected value.

a_clan · Answer

odds against an event means ratio implies (unfavourable condition/favourable condition)

anonymous · Answer

a raffle ticket is something that you pay a dollar and it goes into a bucket for a drawing..