The odds in favor of an event E occurring are 12 to 8. What is the probability of E occuring?
A) 1.40
B) 0.40
C) 0.60
D) 0.67
E) 1.50

Name: The odds in favor of an event E occurring are 12 to 8. What is the probability of E occuring? A) 1.40 B) 0.40 C) 0.60 D) 0.67 E) 1.50
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

The odds in favor of an event are given as the ratio of the probability of the event occurring to the probability of it not occurring. If the odds are 12 to 8, the probability of E occurring is 12/(12+8) = 12/20 = 0.60.

The Odds in Favor of an Event E Occurring Are