Question

The probability that a 2011 Audi A8 will be stolen is .0048. Find the odds against the theft of a 2011 Audi A8. Round your answer to the nearest whole number. Odds against a 2011 Audi being stolen is to .

Answer 1

Answer: The odds against the theft is 622:3.

Step-by-step explanation:

Since we have given that

Probability that a 2011 Audi A8  will be stolen = 0.0048

So, the odds against the theft of a 2011 Audi A8 is given by

$A=\dfrac{P(A)}{1-P(A)}\\\\A=\dfrac{0.0048}{1-0.0048}\\\\A=\dfrac{0.0048}{0.9952}\\\\A=\dfrac{48}{9952}=\dfrac{24}{4976}=\dfrac{3}{622}$

The odds in favor the theft is 3:622.

Hence, the odds against the theft is 622:3.