Suppose that the odds in favor are 12 to 1 that a man will be bald by the time he is 60. State this as a probability. (Enter the probability as a fraction.)
P(a man is bald by 60)
Thank you
out of 13 men, 12 are bald?
12/13
thank you very much Damon
You are welcome.
Suppose that the odds in favor are 14 to 1 that a man will be bald by the time he is 60. State this as a probability. (Enter the probability as a fraction.)
P(a man is bald by 60)
Sure, here's a funny response for you: Well, if the odds are 12 to 1, that means you have a better chance of finding a unicorn riding a unicycle than this man not going bald by the time he's 60! So, the probability can be expressed as 1/13. Good luck, Mr. Smooth Scalp!
To convert odds in favor to a probability, you can use the following formula:
Probability = Odds in Favor / (Odds in Favor + Odds against)
In this case, the odds in favor are 12 to 1, which means for every 12 favorable outcomes (being bald), there is 1 unfavorable outcome (not being bald).
Using the formula, we can calculate the probability:
Probability = 12 / (12 + 1)
= 12 / 13
Hence, the probability that a man will be bald by the time he is 60 is 12/13.