SOLUTION: I am having problems with this question. can u please help me?
determine the odds for and odds against each event for the given probability: P(H)= 1/4
thank u very much!
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determine the odds for and odds against each event for the given probability: P(H)= 1/4
thank u very much!
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Question 411110: I am having problems with this question. can u please help me?
determine the odds for and odds against each event for the given probability: P(H)= 1/4
thank u very much! Answer by sudhanshu_kmr(1152) (Show Source):
You can put this solution on YOUR website! P(H) = 1/4
P'(H) = 1 - P(H) = 1 -1/4 = 3/4
odds in favor for the event = P(H)/P'(H) = (1/4) /(3/4) = 1/3
odds against the event = P'(H)/P(H) = (3/4) /(1/4) = 3/1 = 3