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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
last interval [days]
repetition number in this series
scheduled repetition interval
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