If the odds of winning a raffle are 17:214, what is the probability of winning?
would it be 17/214?
17 out of 214.
79%.
17:214 is read like a fraction again.
So if you divide 17/214 you get 79%. Not sure what exact answer you're looking for. But hopefully this can get you started.
i was looking for a fraction answer...thats what i thought it was...thanks :)
To find the probability of winning in a raffle, we need to convert the odds into a probability value. The odds of winning are given in the ratio format of 17:214.
To convert this ratio into a probability, we add the two values of the ratio together (17 + 214 = 231), and then divide the number of winning outcomes by the total number of possible outcomes.
In this case, the number of winning outcomes is 17, while the total number of possible outcomes is 231.
So, the probability of winning the raffle is 17/231, which simplifies to approximately 0.0737 or 7.37%.