The result given by the ratio of the probability of an event divided by the probability of its complement is called the:
A)odds in favor.
B)return on investment.
C)profit ratio.
D)marginal probabilities.

Question

Quizplus · Accepted Answer

The ratio of the probability of an event to the probability of its complement is called odds in favor of the event. For example, if the probability of an event is 0.3, the probability of its complement is 0.7, and the odds in favor of the event are 0.3/0.7, or approximately 0.43.

The Result Given by the Ratio of the Probability of an Event