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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Expand Your Knowledge: Odds in Favor Sometimes probability statements are expressed in terms of odds.
The odds in favour of an event A are the ratio
For instance, if P(A) = 0.60, then P(Ac)= 0.40 and the odds in favor of A are
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(a) Show that if we are given the odds in favor of event A as n:m, the probability of event A is given by
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(b) A telemarketing supervisor tells a new worker that the odds of making a sale on a single call are 2 to 15. What is the probability of a successful call?
(c) A sports announcer says that the odds a basketball player will make a free throw shot are 3 to 5. What is the probability the player will make the shot?
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