the odds against a particular candidate winning an election are estimated to be 4 to 19. if those odds are accurate what is the probability that that candidate will win the election
To find the probability, we can use the formula:
Probability = (1 / (odds + 1))
The odds against the candidate winning are 4 to 19, so the odds in favor of winning would be 19 to 4. Using this information, we can plug the values into the formula:
Probability = (1 / (19 + 4))
Probability = (1 / 23)
Therefore, the probability that the candidate will win the election is approximately 0.0435, or 4.35%.
To find the probability that a candidate will win the election given odds, you can use the following formula:
Probability = 1 / (odds against + 1)
In this case, the odds against the candidate winning the election are 4 to 19. So, the probability of the candidate winning is:
Probability = 1 / (4 + 19) = 1 / 23 ≈ 0.0435
Therefore, the probability that the candidate will win the election is approximately 0.0435 or 4.35%.