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ew History Bookmarks People Window Help Take a Test Richard Manda Secure thxi.com/student/playerTest aspx ?testld 156959248&centerwin; yes 00 General Education Mathematia Quiz: Quiz Chapter 11 Spring 2017 This Question: 1 pt 8 of 11 (0 completel you are given odds of 3 to 4 in favor of winning a bet what isthe probability of winning the bet? The probabilty is Trpe an integer or a facton. simplry your answer) Enter your answer inthe answer box. Test 3 NChapter Spring 2017 Mon Apr 172.14 AM This Quiz: 11 pts possible

Explanation / Answer

There is a simple formula which relates odds and probaility:

Let P(A) is probability of winning the bet.

Odds in favour (A) = P(A)/(1-P(A))

We are given that Odds in favour (A) = 3/4

3/4 = P(A)/ (1-P(A))

3-3P(A) = 4P(A)

P(A) = 3/7

This is our answer.

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