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For a certain instant lottery game, the odds in favor of a win are given as 43 to 57. Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive.

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MrRoyal

Answer:

[tex]Win = 0.43[/tex]

Step-by-step explanation:

Given

Odds in favor of win = 43 to 57

Required

Express as a probability

We start by getting the sum of both odds

[tex]Sum = 43 + 57[/tex]

[tex]Sum = 100[/tex]

Next, we divide the required odd by the calculated sum to get the probability

Odds in favor of win is calculated as thus

[tex]Win= \frac{43}{100}[/tex]

[tex]Win = 0.43[/tex]

Hence, the probability is 0.43

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