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The odds against winning $1. 00 in the lottery are 19 to 1. What is the probability of winning $1. 00 in the lottery?.

User Gextra
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1 Answer

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The probability of an event can be calculated from the odds against that event. The formula for converting odds against to probability is:

Probability = 1 / (1 + odds against)

So in this case, the odds against winning $1.00 in the lottery are 19 to 1, and the probability of winning can be calculated as follows:

Probability = 1 / (1 + 19) = 1 / 20 = 0.05

So the probability of winning $1.00 in the lottery is 0.05, or 5%.

User Mseddon
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