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The odds against an event are 7:2. Find the probability that the event will occur.
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odds against an event = (1-p)/p = 7/2 find 'p' from here.
see if odds against event is m:n then the probability that the event will occur is given by n/(m+n)
Isnt it p/(1-p) =7/2
thus here the probability that the event will occur is 2/(2+7)= 2/9
p/(1-p) is odds in favor.
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ohh
Odds notation always has me running to Google.
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