Question

For a certain casino slot machine comma the odds in favor of a win are given as 1 to 99. Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive.

Answer 1

The indicated degree of likelihood as a probability is 0.01.

Explanation:

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

Odds of a win are 1 to 99:

This means that in 1 + 99 = 100 games, you are expected to win 1. So

1/100 = 0.01

The indicated degree of likelihood as a probability is 0.01.