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OpenStudy (anonymous):
If the odds of winning a raffle are 2:245, what is the probability of winning? (Points : 5) 2/245 2/247 243/245 243/247
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OpenStudy (anonymous):
odds are the ratio of wins to losses. probability is the ratio of wins to total trials. Odds of 2:245 indicate for every 245 losses there are 2 wins, or 2 wins out of every 245+2 = 247 trials Therefore odds of winning equal to 2:245 represent a probability of winning equal to 2/247
OpenStudy (anonymous):
thank you so very much!!!!1
OpenStudy (anonymous):
=)
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