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Consider an even money game that pays 4:3 if event A occurs. What is the probability of event A?

Consider an even money game that pays 4:3 if event A occurs. What is the probability of event A?
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4 votes
Consider an even money game that pays 4:3 if event A occurs. What is the probability of event A?

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User Blackcj
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1 Answer

6 votes
I would say 4/(4+3) or 4/7 because it is the number of times event A would happen (which is 4), over the total times anything could happen.
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User Vadim Chekry
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