Question

Convert the odds that the given event will occur to the probability that the event will occur.12) The odds in favor of becoming the President are 1 to 5,000,000.

Answer 1

Probability of success = probability of possible success/Probability of possible success + probability of failure

Since 1/5,000,000 become president

So 1 is success and 5,000,000 failure

To find the probability of the President

Find how many can be president

In the question just 1 because they said 1/5,000,000

So the success is 1 and the failure is 5,000,000

Let us use the rule above

Probability of that event will occur = 1/5,000,000 + 1

`(1)/(5,000,000+1)=(1)/(5,000,001)`