the odds in favor winning a particular lottery are 1 to 2,400,000. find the probability of winning
1/2,400,000
if the odds in favour of some event are m : n
then the prob of m = m/(m+n)
take it from there
To find the probability of winning a lottery with odds given, you can use the formula:
Probability = 1 / (Odds + 1)
In this case, the odds in favor of winning are given as 1 to 2,400,000.
Using the formula, we can calculate the probability of winning as:
Probability = 1 / (2,400,000 + 1)
= 1 / 2,400,001
Therefore, the probability of winning this particular lottery is approximately 0.00000041667, or about 0.000041667%