SOLUTION: The probability of (E) is 51%. Find the odds in favor of (E).
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Question 1196489: The probability of (E) is 51%. Find the odds in favor of (E).
Answer by math_tutor2020(3817) (Show Source): You can put this solution on YOUR website!
Answer is 51:49 which is the same as writing 51 to 49
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Explanation:
Event E has a probability of 51% occurring.
Think of this as 51/100
We have 51 instances of event E happening, and 100-51 = 49 instances where it doesn't happen, out of 100 trials total.
The odds in favor will have us list the count where E happens (51) followed by a colon, then the number of times E doesn't happen (49)
Therefore, that's how we get to 51:49 which is the same as saying 51 to 49
This ratio cannot be reduced as the only factor in common with 51 and 49 is 1.
If you wanted the odds against, simply flip the order
Odds in favor are 51:49
Odds against are 49:51
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