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#reading-9-probability-concepts

Question

Wagering meaning

Answer

Tags

#reading-9-probability-concepts

Question

Wagering meaning

Answer

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Tags

#reading-9-probability-concepts

Question

Wagering meaning

Answer

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**Odds**

y’s EPS for FY2014 beating $0.69 are 1 to 7 means that the speaker believes the probability of the event is 1/(1 + 7) = 1/8 = 0.125. Odds against E = [1 − P(E)]/P(E), the reciprocal of odds for E. <span>Given odds against E of “a to b,” the implied probability of E is b/(a + b). The statement that the odds against the company’s EPS for FY2014 beating $0.69 are 15 to 1 is consistent with a belief that the probability of the event is

y’s EPS for FY2014 beating $0.69 are 1 to 7 means that the speaker believes the probability of the event is 1/(1 + 7) = 1/8 = 0.125. Odds against E = [1 − P(E)]/P(E), the reciprocal of odds for E. <span>Given odds against E of “a to b,” the implied probability of E is b/(a + b). The statement that the odds against the company’s EPS for FY2014 beating $0.69 are 15 to 1 is consistent with a belief that the probability of the event is

status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
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repetition number in this series | 0 | memorised on | scheduled repetition | ||||

scheduled repetition interval | last repetition or drill |

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