Question

The odds of winning a contest are 3:7. What is the probability winning the contest?

Answer 1

Answer:

0.3

Step-by-step explanation:

Given: The odds of winning a contest are 3:7

To find: probability of winning the contest

Solution:

Probability refers to chances of occurrence of an event.

Odds are defined as (chances for success) : (chances against success)

Probability of winning = (chances for success) : (chances for success + chances against success)  

As odds of winning a contest are 3:7,

(chances for success) : (chances against success) = 3:7

So,

Probability of winning the contest = $\frac{3}{3+7} =\frac{3}{10}=0.3$