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OpenStudy (anonymous):
The odds in favor of a horse winning a race are posted as 4:3. Find the probability that the horse will lose the race.
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OpenStudy (anonymous):
4:3 odds (winning) is the same as a 4 / (4 + 3) probability of winning. Same as 4/7 once you simplify. Probability of losing is "1 - probability of winning".
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