I don't understand it:
If the odds for pulling a prize out of the box are 3:4, what is the probability of not pulling the prize out of the box? Express your answer as a common fraction.
Thanks in advance!
odds of doing X=P[doing X]P[Not doing X]=P[doing X]1−P[doing X]
odds of pulling prize =34⇒P[pulling prize]=33+4=37
P[not pulling prize]=1−P[pulling prize]=1−37=47