The odds against Lounging Larry winning the horse race are 12:5. Determine

Jennifer

Member
the probability that Lounging Larry? The odds against Lounging Larry winning the horse race are 12:5. Determine the probability that Lounging Larry wins the horse race.
 

jaymay2008

New member
the odds that Larry will NOT win the race is 12:5 (given in the question)

so the odds that larry WILL WIN the race are 5:12. This means that the probability that Larry will win the race is 5/5+12) = 5/17 = 0.29

hope that helps.
 
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