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the odds of a particular event occurring is 0.66. determine the probability as a decimal rounded to the nearest hundredth.

Sagot :

The probability of odds as a decimal rounded to the nearest hundredth is 0.398.

The probability of odds is given by the formula -

Probability of odds = probability odds ÷ probability (1 + odds)

Probability odds = 0.66

Probability (1 + odds) = 1 + 0.66

Performing addition on Right Hand Side of the equation

Probability (1 + odds) = 1.66

Keep the values in formula to find the probability of odds

Probability of odds = 0.66/1.66

Performing division on Right Hand Side of the equation

Probability of odds = 0.398

Hence, the probability of odds is 0.398.

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