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Unformatted text preview: odds against an earthquake are .75 to .25 or 3 to 1 From Odds to Probability If the odds in favor of an event E are a to b, then P(E)=a/(a+b) in addition, P(E)=b/(a+b) If the odds in favor of Duke winning the NCAAs are 3 (a) to 1 (b), then P(Duke wins)=3/4 P(Duke does not win)= 1/4...
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- Spring '08