Question
Find the odds in favor of an event whose probability is P(E) = 3/10
Answers
Reiny
P( not E) = 7/10
So odds in favour of E = (3/10) / (7/10)
= 3/7
or often stated as 3 : 7
So odds in favour of E = (3/10) / (7/10)
= 3/7
or often stated as 3 : 7