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. The probability is (round to two decimal places as needed).

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 each 27 games that you are expcted to win, you are also expected to lose 73.

So

Desired outcomes:

27 wins

Total outcomes:

27 + 73 = 100 games

Probability

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

Answer:

The probability is 0.27