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1. Find the probability of an event occurring, given the odds in favor of the event is 3:7.

User Marinos An
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correspondGiven an event A, the odds in favor of that event is 3:7. That is, for every 7 observations, 3 of them correspond to event A. We conclude that the probability is:


P(A)=(3)/(7)

User Sergey Aldoukhov
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