Question 1169815
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Since the probability of being audited is 4.8%, the probability of NOT being audited is 100-4.8 = 95.2%.<br>
That makes the odds of being audited 4.8:95.2, or about 0.05 to 1; and the odds of NOT being audited are 95.2:4.8, or about 20 to 1.<br>
Probability OF = YES/TOTAL = YES/(YES+NO)<br>
Odds OF = YES:NO<br>
Odds AGAINST = NO:YES<br>