Question

Given the following probabilities for an event E, find the odds for and against E. (A) (B) Odds against = For all answers, type the odds as a fraction. Simplify your answers. (A) Odds for = (B) Odds for= Odds against = (C) 0.73 (C) Odds for = (D) 0.57​

Answer 1

(A) Odds for = (1 - Probability of E) / Probability of E

Odds for = (1 - 0.73) / 0.73

Odds for = 0.27 / 0.73

Odds for = 27/73

(B) Odds against = Probability of E / (1 - Probability of E)

Odds against = 0.73 / (1 - 0.73)

Odds against = 0.73 / 0.27

Odds against = 73/27

(C) Odds for = 0.73 / (1 - 0.73)

Odds for = 0.73 / 0.27

Odds for = 73/27

(D) Odds for = 0.57 / (1 - 0.57)

Odds for = 0.57 / 0.43

Odds for = 57/43Step-by-step explanation: