Answer to Question #136334 in Statistics and Probability for Michael

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%

Learn more about our help with Assignments: Statistics and Probability

No comments. Be the first!

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…