Elementary Statistics (12th Edition)

Published by Pearson
ISBN 10: 0321836960
ISBN 13: 978-0-32183-696-0

Chapter 4 - Probability - 4-2 Basic Concepts of Probability - Beyond the Basics - Page 148: 46



Work Step by Step

We know that $odds=\frac{number \ of \ good \ outcomes}{number\ of\ all\ outcomes}$. If the odds against winning are 36:1, then the probability is:$\frac{1}{1+36}=\frac{1}{37}≈0.027$.
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