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Michiko is selling raffle tickets to raise money for the school band. The odds against winning a prize in the raffleare 13:1. What is the probability of winning a prize? Express your answer as a decimal. If necessary, round youranswer to the nearest thousandth.0.071O 0.077O 0.929O 14

Answer :

In the question, we are given that the odds against winning a prize is given as

[tex]13\colon1[/tex]

Explanation

To find the the probability of winning a prize we will swap the position of the values in the ratio from loss : win to win: loss. This will give;

[tex]1\colon13[/tex]

Therefore we wil have:

[tex]\frac{1}{13}=0.077[/tex]

Answer:

[tex]0.077[/tex]

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