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The odds in favor of an event are 10 to1 ratio Find the probability that the event will occur?
Wiki User
∙ 11y ago
If the odd favoring an event are 10 to 1, then the probability of the event occurring is 0.9.
The odds in favor of an event are 10:1.
Find the probability that the event will occur.
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P(E)+P(E') = 1
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P(E)/P(E') = 10/1
So P(E) = 10P(E')
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Substitute for P(E) and solve for P(E'):
10P(E')+P(E') = 1
11P(E') = 1
P(E') = 1/11
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Therefore P(E) = 10/11
Wiki User
∙ 11y ago
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The ratio of the probability that an event will occur compared with the probability of its not occurring?
odds"The odds against an event is a ratio of the probability that the event will fail to occur (failure) to the probability that the event will occur (success). To find odds you must first know or determine the probability of success and the probability of failure.Odds against event = P(event fails to occur)/P(event occurs) = P(failure)/P(success)The odds in favor of an event are expressed as a ratio of the probability that the event will occur to the probability that the event will fail to occur.Odds in favor of event = P(event occurs)/P(event fails to occur) = P(success)/P(failure)"Allen R. Angel, Christine D. Abbott, Dennis C. Runde. A Survey of Mathematics with Applications. Pearson Custom Publishing 2009. Pages 286-288.
What is probability?
probably means that something or which is not sure . LIKE :- I PROBABLY GET THIS ANSWER RIGHT.
Why is the probability measured as a number between zero and one?
Probability is the ratio of no. of possible outcomes to the maximum no. of outcomes . If any event doesnt occurs ,then it is 0/N,where N=maximum no of outcomes .and that is 0 itself ,hence that is signified by zero ,or will at max, all the possible outcomes wil occur ,which means N/N that is denoted by 1. Hence probabilty for the occurance for any event is between 0 and 1.
What is difference between uncertainty and probability?
Uncertainty is the uncertainness of any happening which may occur but probability is the ratio of which the happening will occur.The number of happening can also be included in the probability section but not in uncertainty.Both the words are roughly opposites of each other.
What in an event is the ratio of the number of favorable outcomes to the number of possible outcomes?
That's the 'probability' of a favorable outcome.but only if the outcomes are equally likely.
The ratio of the probability that an event will occur compared with the probability of its not occurring?
odds"The odds against an event is a ratio of the probability that the event will fail to occur (failure) to the probability that the event will occur (success). To find odds you must first know or determine the probability of success and the probability of failure.Odds against event = P(event fails to occur)/P(event occurs) = P(failure)/P(success)The odds in favor of an event are expressed as a ratio of the probability that the event will occur to the probability that the event will fail to occur.Odds in favor of event = P(event occurs)/P(event fails to occur) = P(success)/P(failure)"Allen R. Angel, Christine D. Abbott, Dennis C. Runde. A Survey of Mathematics with Applications. Pearson Custom Publishing 2009. Pages 286-288.
What is the ratio of the number of ways an event can occur to the number of possible outcomes?
The term is probability (theoretical probability), or how likely a given event is to occur.
What is the ratio of the number of ways an event can occur to the total number of possible outcomes?
If each of the ways is equally likely then it is the probability of the event but otherwise it is simply a ratio.
How are ratio and probability the same?
A ratio is a comparison of the relative size of two different things. Probability is the change that something will (or will not) occur. Probability can be expressed as a ratio of Yes to No (or, "will occur" to "won't occur"). That is, Probability is the relative size of Yes to No. So, if something is said to have a 60% Probability of occurring, what that is indicating is that, out of 100 tries, 60 will be the outcome indicated. While probability is usually expressed as a percentage, it is entirely possible to express it as a ratio. In the aforementioned example, a 60% Probability of occurrence could also be said to be a 60:40 (or, reduced, 3:2) ratio in favor of happening.
What word means the ratio of the number of ways an event can occur to the number of possible outcomes?
There is no single word. It is the "probability of that event" (four words).
What is the define of probability?
the extent to which an event is likely to occur, measured by the ratio of the favorable cases to the whole number of cases possible
What is the definition of probability?
The likelihood that a particular event will occur is called probabilityThe ratio of the wanted outcomes divided by the possible outcomes gives a fraction or ratio usually expressed as a percentage.The likelihood of an event occuring.
What probability is the ratio of favorable outcomes to possible outcomes?
It is the theoretical probability of the event.
What is the probability ratio?
Probability is a measure of the likelihood of a given event and is a number in the range [0, 1]. That value, if expressed as a ratio, is a probability ratio. It can also be expressed as a percentage or a decimal fraction.
What is probaility?
the measure of how likely an event is to occur Probability refers to the extent to which a given event is likely to appear. It is usually measured by the ratio of the favorable cases to the whole number of cases possible.
How do you fiqure out probability?
The probability of an event is the ratio of the number of equally likely oucomes of a trial which are favourable to that event, and the total number of outcomes.
The ratio of the number of ways an event can occur to the number of ways the event cannot occur?
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