Given that P(A)=2/9 what are the odds in favor of A occuring?
If probability of A occurring [P(A)] = 2/9 = .22222. Where is the problem?
SO WHICH IS THE ANSWER?
A)2:7
B)2:9
C)1:9
D)7:2
To determine the odds in favor of an event occurring, we can use the following formula:
Odds in favor of A = P(A) / (1 - P(A))
Given that P(A) = 2/9, we can substitute this value into the formula:
Odds in favor of A = (2/9) / (1 - 2/9)
To simplify the expression, we need a common denominator for the denominator:
Odds in favor of A = (2/9) / (7/9)
Now, we can divide the numerator by the denominator:
Odds in favor of A = 2/7
Therefore, the odds in favor of event A occurring are 2 to 7.