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Given odds for E of “a to b,” the implied probability of E is [...]
a/(a + b).

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Given odds for E of “a to b,” the implied probability of E is [...]
?

Tags
Question
Given odds for E of “a to b,” the implied probability of E is [...]
a/(a + b).
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Odds
ated in terms of odds as follows: Probability Stated as Odds. Given a probability P(E), Odds for E = P(E)/[1 − P(E)]. The odds for E are the probability of E divided by 1 minus the probability of E. <span>Given odds for E of “a to b,” the implied probability of E is a/(a + b). In the example, the statement that the odds for the company’s EPS for FY2014 beating \$0.69 are 1 to 7 means that the speaker believes the probability of th

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