Answer to Question #136334 in Statistics and Probability for Michael

Statistics and Probability

Question #136334

Given that the odds of an event A occurring is 5, what is the risk of event A happening?

Expert's answer

Odds for a means odds in favor of A are 5 and against are 1.

So total outcomes =5+1=6

Hence risk of A = percentage of A =(5/6)*100%= 83.33%

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