Suppose the odds of winning a bet is 2 to 8. a) What is the probability of winning the bet? b) What is the probability of losing the bet?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Suppose the odds of winning a bet is 2 to 8.

a) What is the probability of winning the bet?

b) What is the probability of losing the bet?

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