Question

If the odds in favor of a particular event are 3 to 5,
what is the probability that the event will occur?

Answer 1

eight out comes, 3/8

Answer 2

3/5 = 0.6

Answer 3

3/8 is wrong. There are no 8 outcomes described in the problem.

Answer 4

Win:Lose
3:5

Win = 3/8
Lose= 5/8

Answer 5

odds, measure success to failure ratio

3 out of 8
5 out of 8

3:5 odds

Answer 6

I read the problem as the probability being 3 in 5. So, 3/5.

Answer 7

yeah, thats a common error in odds to probabilities

Answer 8

if I have 3 pennies and 5 dimes:

the odds of picking a penny is 3:5

the probability of picking a penny is 3/8