Answer:
Probability of losing P(l) = 0.378 or 37.8%
Step-by-step explanation:
Given:
Probability of winning P(w) = 37.4% = 0.374
Probability of broke even P(b.e) = 24.8% = 0.248
Find:
Probability of losing P(l) = ?
Computation:
Probability of winning + Probability of broke even + Probability of losing = 1
0.374 + 0.248 + Probability of losing P(l) = 1
Probability of losing P(l) = 1 - 0.374 - 0.248
Probability of losing P(l) = 0.378 or 37.8%
Therefore, Probability of losing is 37.8%