You are here:

Advanced Math/probability

Advertisement

Expert: - 4/23/2010


Question
IF you have a 25% chance of making $100, what are the chances you will make 25$?

Answer
Hi Walt,
It would depend on the specifics of the situation.
For instance, if you had a 25% chance of winning $100 in a winner-takes-all game then there is no way to win $25 and so the chance is 0%. But if you were in a situation where you would either make $100 or $25 and no other choices (not even losing), the chances of winning $25 then would be 75%.

Regards

Advanced Math

All Answers

Answers by Expert:

Ask Experts

Volunteer

Ahmed Salami

Expertise

I can provide good answers to questions dealing in almost all of mathematics especially from A`Level downwards. I can as well help a good deal in Physics with most emphasis directed towards mechanics.

Experience

An engineering graduate. I have been doing maths and physics all my life.

©2012 About.com, a part of The New York Times Company. All rights reserved.