Question

For a certain casino slot machine, the odds in favor of a win are given as 67 to 33. Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive. The probability is ___

Answer 1

Data:

• Odds in favor of a win are given as 67 to 33.

Procedure

• We have to find the total sample (,T,), which can be calculated as follows:

$T=67+33=100$

Then, to calculate the probability, we have to divide the odds in favor of a win by T.

$\frac{67}{100}=0.67$

Answer: 0.67