PRC-2 · Chapter 10 · Question 24 of 60
What is the probability of a person winning a prize if the numerical odds 'against' them winning are precisely 7 to 3?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) 3/10
Explanation
Odds 'against' of 7:3 mean there are 7 unfavorable outcomes for every 3 favorable outcomes. The total possible outcomes are 7 + 3 = 10. Therefore, the probability of winning is 3/10.
More Correlation and Regression MCQs
- Q26Conditional probability P(A|B) refers to:
- Q27Which mathematical rule states that for any two events A and B, P(A ∪ B) = P(A) + P(B) - P(A ∩ B)?
- Q28What is the probability of rolling a total sum of 7 with two fair six-sided dice?
- Q29If you roll a die once, which of the following pairs of events are collectively exhaustive?
- Q30In a Venn diagram, the overlapping section between two circles representing Event A and Event B denotes: