Question

The odds in favor of an event are calculated by finding the ratio of the probability of an event's occurrence to the probability that the event will not occur. If the probability of rain tomorrow is 60%, what are the odds in favor of rain

Answer 1

The correct answer is 1.5.

Explanation:

Probability that it would rain tomorrow is 60% = 0.6

Therefore probability that it would not rain tomorrow is (100 - 60) % = 40% = 0.4

Thus odds in favor of an event is defined as the ratio of probability of the event occurring to the probability that the event will not occur.

Thus odds in favor of raining tomorrow is
`(0.6)/(0.4)` = 1.5.