I know the answer to this because I looked in the back of the book, but I don’t know the steps to get to the answer. Please help?
At the beginning of a baseball season in a particular year, the odds that the New York Yankees will win the American League pennant are 3 to 2.
a. What are the odds that the Yankees will lose the pennant?
b. What is the probability that the Yankees will win the pennant? (Express your answer in decimal)
c. What is the probability that the Yankees will lose the pennant? (Express your answer in decimal)
Answers: a. 2 to 3, b. 0.6000, and c.0.4000