Question

For a certain casino slot machine comma the odds in favor of a win are given as 27 to 73. Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive.

Answer 1

The probability is 0.27

Explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

In this problem, we have that:

Odds of a win are 27 to 73.

This means that for 27+73 = 100 games, you are expected to win 27.

Desired outcomes

27 wins

Total outcomes

100 games

Probability of winning a game

`P = (27)/(100) = 0.27`