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Earn +20 ptsQ: What is the chance of winning twice when the odds are 50 percent?
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Continue Learning about Statistics
Interpret odds ratio 2.25?
For 2 to 25 odds of winning;Probability of winning:0.925926, or;Chance of winning:92.59%
What does the odds ratio of 2.39 mean?
For 2 to 39 odds of winning;Probability of winning:0.95122, or;Chance of winning:95.12%
What are odds of probability of 9 over 11?
For 9 to 11 odds of winning;Probability of winning:0.55, or;Chance of winning:55%
Are 50 to 1 odds bad or good?
Not very good:For 50 to 1 odds of winning;Probability of winning:0.019608, or;Chance of winning:1.96%
If the odds in favor is one to fifteen for winning a door prize then what is the probability of winning a door prize?
you have a 1/15 chance to win. or you could say a 6.66 % chance.
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