Find the probability whose odds against are given in the problem.
Odds against are 5 to 7.
____?
Odds for = (7-5)/7 = ?
Hi,
Yes the question what are the odds against 5 to 7? I have tried to figure this out prior to using the site. Your response shows (7-5)/7=? I'm not sure if this is how I should put it into the calculator or not.
To find the probability when the odds against are given, you can use the formula:
Probability = Odds against / (Odds against + 1)
Given that the odds against are 5 to 7, we can substitute these values into the formula:
Probability = 5 / (5 + 7)
Probability = 5 / 12
Therefore, the probability is 5/12, or approximately 0.4167.