this is a question from an old GRE paper:
The odds that a certain event will occur is the ratio of the probability that the event will occur to the probability that the event will not occur. if the odds that Pat will win a prize are 4 to 3, what is the probability that Pat will not win the prize?
Ans) 1/4, 1/3, 3/7, 4/7, 3/4
Again I am confused as to whether the ans is as simple as 3/4 or not??? please clarify.