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question 21 if ( p(e)=0.22 ), then calculate and find that (enter one d…

Question

question 21
if ( p(e)=0.22 ), then calculate and find that (enter one digit per box after simplifying your numbers to the extent possible):
a) the odds for ( e ) are: to
b) the odds against ( e ) are: to
question 22
if ( p(e)=0.35 ), then calculate and find that (enter one digit per box after simplifying your numbers to the extent possible):
a) the odds for ( e ) are: to
b) the odds against ( e ) are: to

Explanation:

Step1: Recall the formula for odds

The formula for odds for an event \(E\) is \(\frac{P(E)}{1 - P(E)}\), and the formula for odds against an event \(E\) is \(\frac{1 - P(E)}{P(E)}\)

Step2: Calculate for \(P(E)=0.22\)

  • Odds for \(E\):
$$ LATEXBLOCK0 $$

So the odds for \(E\) are \(11\) to \(39\)

  • Odds against \(E\):
$$ LATEXBLOCK1 $$

So the odds against \(E\) are \(39\) to \(11\)

Step3: Calculate for \(P(E)=0.35\)

  • Odds for \(E\):
$$ LATEXBLOCK2 $$

So the odds for \(E\) are \(7\) to \(13\)

  • Odds against \(E\):
$$ LATEXBLOCK3 $$

So the odds against \(E\) are \(13\) to \(7\)

Answer:

Question 21:
a) \(11\) to \(39\)
b) \(39\) to \(11\)
Question 22:
a) \(7\) to \(13\)
b) \(13\) to \(7\)