Odds
The odds in favor of an event E are defined as the ratio of P(E) to P() , or
, P() ≠ 0.
If the odds favoring event E are m to n, then
P(E) = \frac{m}{m+n} and P() =
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Odds
The odds in favor of an event E are defined as the ratio of P(E) to P() , or
, P() ≠ 0.
If the odds favoring event E are m to n, then
P(E) = \frac{m}{m+n} and P() =