If the odds in favor of an event happening are 1 to 2,then the probability that event A occurs is 0.5.

Question

Quizplus · Accepted Answer

The odds in favor of an event happening are not the same as the probability of the event occurring. To determine the probability of an event, odds are converted into a fraction and then simplified. In this case, odds of 1 to 2 can be converted to a fraction of 1/3. Therefore, the probability of event A occurring is 1/3, not 0.5.

If the Odds in Favor of an Event Happening Are