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Unformatted text preview: to .75 or 1 to 3. The 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 UNC winning the NCAA’s are 3 (a) to 1 (b), then P(UNC wins)=3/4 P(UNC does not win)= 1/4...
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- Spring '08
- Probability, Probability theory, World Series