1.3 probability expressed as decimal

The chances of successes are:

For 200 trials, each with probability = 0.023, on average there will be 4.6 successes.

Probability

  • 0.023000
  • As a percentage

  • 2.3000%
  • As a rounded-off proportion

  • 4 in 175
  • As approximate fair betting odds

  • 300 : 7
  • Representative example

    For successes

  • 200 chances for successes
  • Observed successes: 3 = 1.500% (expected average: 4.6 = 2.300%)
  • What are the Chances of That? - The Book

    Five reasons that we find it hard to think about uncertainty. To be published by Oxford University Press in 2021.

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