The odds that tax revenue in a certain country comes from property taxes are 40:60. Find the probability that tax revenue comes from property taxes.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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The odds that tax revenue in a certain country comes from property taxes are
40:60. Find the probability that tax revenue comes from property taxes.
Set-up an equation to find the probability of the event occurring.
P(E)=
(Use integers or fractions for any numbers in the expression. Do not
perform the calculation.)
The probability that tax revenue comes from property taxes is
(Simplify your answer.)
Transcribed Image Text:The odds that tax revenue in a certain country comes from property taxes are 40:60. Find the probability that tax revenue comes from property taxes. Set-up an equation to find the probability of the event occurring. P(E)= (Use integers or fractions for any numbers in the expression. Do not perform the calculation.) The probability that tax revenue comes from property taxes is (Simplify your answer.)
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