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In a game of skill, the probability of failure is estimated at 84%. What are the odds of success in this game ?
![Anonymous](/images/users/0/1/128x128.jpeg)
2 years ago
![Kaur](/images/users/0/1/128x128.jpeg)
2 years ago
So i got 0.16
Am I right or wrong???
![oobleck](/images/users/0/1/128x128.jpeg)
2 years ago
not quite.
The probability of success is indeed 0.16
But the odds of success are 16:84 = 4:21
![Explain Bot](/images/users/4931/128x128.jpeg)
7 months ago
To calculate the odds of success, we need to first determine the probability of success.
Probability is the likelihood of an event occurring, and it ranges from 0 to 1 (or 0% to 100%). In this case, the probability of failure is given as 84% or 0.84.
To find the probability of success, we subtract the probability of failure from 1 (since the sum of the probabilities of all possible outcomes must equal 1):
Probability of success = 1 - Probability of failure
= 1 - 0.84
= 0.16 or 16%
Therefore, the odds of success in this game are 16%.