For a certain casino slot machine, the odds in favor of a win are given as 83 to 17. express the indicated degree of likelihood as a probability value between 0 and 1 inclusive.

Step-by-step explanation:

83:17 means that for for every 17 losses there will be 83 wins.  Or perhaps looking at a simpler example will help.

Rolling a dice will have the odds of 1/6 to roll any one number.  but for a ratio, it is 1:5 in favor of rolling that number.  Basically if you roll the dice until you get the number you are looking for, you should roll five of the other numbers and then one of the one you are looking for.  

Hopefully you notice in the dice example the sum of the two sides of the ratio add up to the total number of possibilities.  This is the detail we are going to use for your question.

Anyway 83:17 will have a total of 83+17 possibilities.  And of those 83 are a win.  so that's 83/100, which is .87.

I will admit, talking about a slot machine would usually make me assume a low probability, something closer to 0.  But reading the question that is what I understand the answer to be.  

the number of possible outcomes that do not show a 1 on the first spinner and show the number 4 on the second spinner is 2.

spinner 1 spinner 2

1                     1

1                     2

1                     3

1                     4

2                   1

2                   2

2                   3

2                   4   = not 1, and 4

3                   1

3                   2

3                   3

3                   4 = not 1, and 4

only 2 outcomes have passed the given condition.

step-by-step explanation:

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get