The 3/8 chance is the probability of winning a scholarship.
The odds of winning a scholarship is 3/5
How to determine the odds?
The probability is given as:
P(Win) = 3/8
The odds is calculated using:
Odds = P(Win)/[1 - P(Win)]
This gives
Odds = 3/8/[1 - 3/8]
Evaluate the difference
Odds = (3/8)/(5/8)
Evaluate the quotient
Odds = 3/5
Hence, the odds of winning a scholarship is 3/5
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