document.write( "Question 1038884: If the probability an event is 0.35, what are the odds for this event? \n" ); document.write( "
Algebra.Com's Answer #653628 by Theo(13342)![]() ![]() You can put this solution on YOUR website! probability equals the number of success divided by the total.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "odds for equal the number of successes divided by the number of failures.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "odds against equal the number of failure divided by the number of successes.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "your probability of success is equal to .35.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "this means the probability of failure equals .65.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "your odds of success are therefore equal to .35 / .65.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "your odds of failure are therefore equal to .65 / .35\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you can simplify these if you wish, or if you are required to, but the ratio remains the same.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".35/.65 = 35/65 = 7/13.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( ".65/.35 = 65/35 = 13/7.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "if you let p = the probability of success and you let q = the probability of failure, then you get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "probability of success = p / (p + q).\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "probability of failure = q / (p + q).\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "odds of success = p / q.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "odds of failure = q / p.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "if you are given probability of success, you can convert it to odds by doing the following.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "probability of success = p / (p + q).\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "subtract p from (p + q) to get q and the odds of success are p / q.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in your problem, you are given that probability of success = .35.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the total probability is always equal to 1.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "subtract .35 from 1 and you get .65.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the odds of success are therefore equal to .35 / .65.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |