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

(Round your answer to 2 decimal points.)

🧐 Not the exact question you are looking for?Go ask a question

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

Rounding this to two decimal places gives:

Odds = 0.49

So, the odds of the event are approximately 0.49.

This problem has been solved

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.