Express the odds in terms of odds against

Reference no: EM131404033

It has been estimated that the odds of being struck by lightning in a given year are 1 to 240,000. Using this information:

a. Express the odds in terms of "odds against."

b. What is the probability that a randomly selected individual will be struck by lightning this year?

c. What is the probability that the person in part (b) will be struck by lightning at least once during the next 20 years?

Reference no: EM131404033

Questions Cloud

What is probability that sheila will visit franchise 5 times : For the situation in given Exercise, what is the probability that Sheila will visit the franchise 5 times without winning a free hamburger?

Determine one significant challenge for management : Determine one significant challenge for management related to diversity, and suggest one strategy that management may use either to minimize or overcome this challenge. Provide one example to illustrate the challenge.

Describe the strategies in the game that coca-cola : Describe the strategies in the game that Coca-Cola and PepsiCo play. With some assumed payoffs, create a payoff matrix for the game and find the equilibrium outcome.

Determine the probability that she will win a free hamburger : Determine the probability that she will win $1000 per week for life.- a free hamburger.- either the lifetime $1000/week or a free hamburger.

Express the odds in terms of odds against : Express the odds in terms of "odds against."- What is the probability that a randomly selected individual will be struck by lightning this year?

How will rfid capability make the production grow : With the evolution of RFID instead of UPC, how will this capability make the production grow and improve inventory and security? Give two examples of RFID applications in business.

In how many orders can the visits be made : A sales representative has 35 customers throughout the state and is planning a trip during which 20 will be visited. In how many orders can the visits be made?

Explain the impact of databases on businesses : Explain the impact of databases on businesses. What industry has databases made possible? Give examples of database supported business applications or technology.

How many different combination of client could be considered : An investment counselor would like to meet with 12 of his clients on Monday, but he has time for only 8 appointments. How many different combinations of the clients could be considered for inclusion into his limited schedule for that day?

User Account

All Pages