Question

The probability of an event occurring is 23/50. What are the odds that the event will occur?

Answer 1

if the probability in favor is p, then the odds in favor are
\[\frac{p}{1-p}\]
i.e. probabilty in favor divided by the probability against. in this case you get
\[\frac{23}{27}\]

Answer 2

think of it easy as 23 out of 50 chances to win and therefore 27 out of 50 to lose.

Answer 3

the odds are 46%

Answer 4

23/50 that it occurs.

the odds that it WILL occur are 46% right?

Answer 5

really? in that case i made a mistake, but i don't think so.

Answer 6

oh no that is probability, not odds.

Answer 7

ahhh... like saying 5 to 2 or something right?

Answer 8

if the probability i win is \frac{2}{3}\] then the odds i win are two to one.

Answer 9

\[\frac{p}{1-p}\]

Answer 10

chance occur to chance not occur is an odd then right?

Answer 11

right like saying 5 to 2. exactly

Answer 12

yes right.

Answer 13

not really used much in math, but sometimes. gamblers' ruin problem. used mostly at the track.