Answer :
The probability of odds as a decimal rounded to the nearest hundredth is 0.398.
The probability of odds is given by the formula -
Probability of odds = probability odds ÷ probability (1 + odds)
Probability odds = 0.66
Probability (1 + odds) = 1 + 0.66
Performing addition on Right Hand Side of the equation
Probability (1 + odds) = 1.66
Keep the values in formula to find the probability of odds
Probability of odds = 0.66/1.66
Performing division on Right Hand Side of the equation
Probability of odds = 0.398
Hence, the probability of odds is 0.398.
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