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If the probability of an event is 0.33, then the odds are: (Round your answer to 2 decimal points.)2.031.33.50

Question

If the probability of an event is 0.33, then the odds are: (Round your answer to 2 decimal points.)2.031.33.50
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Solution 1

The odds of an event is calculated by the formula:

Odds = Probability / (1 - Probability)

Given that the probability of the event is 0.33, we can substitute this into the formula:

Odds = 0.33 / (1 - 0.33)

This simplifies to:

Odds = 0.33 / 0.67

Calculating this gives:

Odds = 0.4925373134328358 Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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