Solution Methodology:
Probability can be represented in several formats, The most common representations are decimals, percentages, and odds. H
To convert a fraction to a decimal, divide the numerator by the denominator.
Conversion:
1/8 = 0.125
Interpretation: 0.125 probability of occurrence.
To convert a decimal to a percentage, you multiply by 100.
Conversion:
0.125 × 100 = 12.5%
Interpretation: 12.5% percent chance of happening.