In gambling, the chances of winning are often written in terms of odds rather than probabilities. The odds of winningis the ratio of the number of successful outcomes to the number of unsuccessful outcomes. The odds of losing isthe ratio of the number of unsuccessful outcomes to the number of successful outcomes. For example, if thenumber of successful outcomes is 2 and the number of unsuccessful outcomes is 3, the odds of winning are 2:3222(read "2 to 3") or 3 (Note: If the odds of winning are the probability of success is.)The odds of an event occurring are 3:5. Find (a) the probability that the event will occur and (b) the probability thatthe event will not occur.(a) The probability that the event will occur is 0.375.(Type an integer or decimal rounded to the nearest thousandth as needed.)(b) The probability that the event will not occur is 0.625(Type an integer or decimal rounded to the nearest thousandth as needed.)

The information provided in the question are as follows :-The odds of event occurring

The odds of an event occurring are 3:5. Find (a) the probability that the event will occur and (b) the probability that the event will not occur. (a) The probability that the event will occur is 0.375 (Type an integer or decimal rounded to the nearest thousandth as needed.) (b) The probability that the event will not occur is 0.625. (Type an integer or decimal rounded to the nearest thousandth as needed.)

The odds of an event occurring are 3:5. Find (a) the probability that the event will occur and (b) the probability that the event will not occur. (a) The probability that the event will occur is 0.375 (Type an integer or decimal rounded to the nearest thousandth as needed.) (b) The probability that the event will not occur is 0.625. (Type an integer or decimal rounded to the nearest thousandth as needed.)

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section: Chapter Questions

Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...

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