An online shoe store had 7000 orders to fill as summer approached. Of those orders, 6000 were for sandals. What are the odds in favour of a package leaving their warehouse containing sandals?
To calculate the odds in favor of a package containing sandals leaving the warehouse, we need to use the following formula:
Odds in favor = Number of successful outcomes / Number of unsuccessful outcomes
In this case, the number of successful outcomes (packages containing sandals) is 6000, and the number of unsuccessful outcomes (packages not containing sandals) is 1000 (7000 total orders - 6000 orders for sandals).
Odds in favor = 6000 / 1000 = 6
Therefore, the odds in favor of a package leaving the warehouse containing sandals are 6:1. This means that for every 6 packages leaving the warehouse, 5 will contain sandals and 1 will not.