SOLUTION: I am confused with this since I do not have the number of times the event occurred. It is probably simple but I cannot figure it out Thanks you
If the probability an event will
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Question 441222: I am confused with this since I do not have the number of times the event occurred. It is probably simple but I cannot figure it out Thanks you
If the probability an event will occur is 1/2 determine
a) the probability that the event will fail to occur.
b) the odds against the event occurring.
c) the odds in favor of the event occurring.
Explain your answer.
Found 2 solutions by stanbon, rwm:
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
I am confused with this since I do not have the number of times the event occurred. It is probably simple but I cannot figure it out Thanks you
If the probability an event will occur is 1/2 determine
a) the probability that the event will fail to occur:: 1/2
--------------------------------------------------
b) the odds against the event occurring.
odds against = P(not occur)/P(occur) = (1/2)/(1/2) = 1:1
-------------------------------------------------------------
c) the odds in favor of the event occurring.
odds in favor = P(occur)/P(not occur) = (1/2)/(1/2) = 1:1
================================================================
Cheers,
Stan H.
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Answer by rwm(914) (Show Source): You can put this solution on YOUR website!
1/2 means there are two possibilities and it will occur every other one like a coin toss
so it won't occur is also 1/2
1-1/2=1/2
1/2
1/2
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