Quantitative Literacy Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Boost your quantitative literacy skills with our comprehensive exam. Study interactive quizzes and in-depth explanations. Master the test with confidence!

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

If the probability of a candidate being elected is 0.10, what are the odds of being elected?

  1. 1:10

  2. 1:9

  3. 1:5

  4. 2:9

The correct answer is: 1:9

To determine the odds of a candidate being elected based on the probability provided, it is essential to understand the relationship between probability and odds. Probability is defined as the ratio of favorable outcomes to the total number of possible outcomes, while odds are usually expressed as the ratio of favorable outcomes to unfavorable outcomes. In this case, the probability of the candidate being elected is given as 0.10, which means that there is a 10% chance of the candidate winning. To convert this probability into odds, we first recognize that if the probability of being elected is 0.10 (or 10%), the probability of not being elected would be 1 - 0.10, which equals 0.90 (or 90%). Now, we can express the odds of being elected as the ratio of the probability of being elected (0.10) to the probability of not being elected (0.90). Thus, we have: Odds of being elected = Probability of being elected : Probability of not being elected = 0.10 : 0.90 To simplify this ratio, we can multiply both sides by 10 for easier interpretation: = 1 : 9 The resulting odds of 1:9 mean that for

More Questions Like This