Question

If P(E) = 0.41 find the odds in favor of E.

Answer 1

The odds in favor of E, given P(E) = 0.41, is approximately 0.6949 to 1. This is found by dividing the given probability of E by the probability of E not occurring.

Step-by-step explanation:

If P(E) = 0.41, the odds in favor of E are calculated by the ratio of the probability of E occurring to the probability of it not occurring. The formula for the odds in favor of E is:

Odds in favor of E = P(E) / (1 - P(E))

Substituting the given probability,

Odds in favor of E = 0.41 / (1 - 0.41)

Odds in favor of E = 0.41 / 0.59

Calculating the above expression,

Odds in favor of E = 0.6949, approximately.

Therefore, the odds in favor of E is about 0.6949 to 1.