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OpenStudy (anonymous):
The probability of winning a certain prize is 5% What are the odds of winning the prize?
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OpenStudy (anonymous):
Please help
OpenStudy (tkhunny):
p(winning) = 5% = 0.05 p(losing) = 1 - p(winning) = 1 - 5% = 95% = 0.95 Odds of Winning: 0.05:0.95 Odds of Losing: 0.95:0.05 Odds and percentages are not quite the same thing.
OpenStudy (anonymous):
Thx
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