For a certain casino slot machine comma the odds in favor of a win are given as 27 to 73. Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive. The probability is (round to two decimal places as needed).

The probability is 0.27

Step-by-step explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

In this problem, we have that:

Odds of a win are 27 to 73.

This means that for each 27 games that you are expcted to win, you are also expected to lose 73.

So

Desired outcomes:

27 wins

Total outcomes:

27 + 73 = 100 games

Probability

The probability is 0.27

answer: expected value of x = 1.0

step-by-step explanation:

p(x=0) = 0.25

p(x=1) = 0.50

p(x=2) = 0.25

expected value for x = 0×0.25 + 1×0.5 + 2×0.25 = 1.0