Homework Help is Here – Start Your Trial Now!
Math
Statistics
(a) Show that if we are given the odds in favor of event A as n:m, the probability of event A is given by the following. in P(A) !! n + m Hint: Solve the following equation for P(A).

(a) Show that if we are given the odds in favor of event A as n:m, the probability of event A is given by the following. in P(A) !! n + m Hint: Solve the following equation for P(A).

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
st Has Developed A Sometimes probability statements are expressed in terms of odds. The odds in favor of an event A are the following ratio. P(A) P(A) %3D P(not A) P(A^) For instance, if P(A) = 0.60, then P(A^) = 0.40 and the odds in favor of A are 0.60 6 written as 3 to 2 or 3:2. 2' %3D %D 0.40 4 (a) Show that if we are given the odds in favor of event A as n:m, the probability of event A is given by the following. P(A) = _" n + m Hint: Solve the following equation for P(A). P(A) 1 – P(A) n(1 – P(A)) X (P(A)) %3D n – nP(A) X P(A) n = X P(A) + nP(A) (A) n = P(A) n + m (b) A telemarketing supervisor tells a new worker that the odds of making a sale on a single call are 2 to 13. What is the probability of a successful call? (Round your answer to two decimal places.) 16 SEP étv W PDF 15 JPG 280 ||
Transcribed Image Text:st Has Developed A Sometimes probability statements are expressed in terms of odds. The odds in favor of an event A are the following ratio. P(A) P(A) %3D P(not A) P(A^) For instance, if P(A) = 0.60, then P(A^) = 0.40 and the odds in favor of A are 0.60 6 written as 3 to 2 or 3:2. 2' %3D %D 0.40 4 (a) Show that if we are given the odds in favor of event A as n:m, the probability of event A is given by the following. P(A) = _" n + m Hint: Solve the following equation for P(A). P(A) 1 – P(A) n(1 – P(A)) X (P(A)) %3D n – nP(A) X P(A) n = X P(A) + nP(A) (A) n = P(A) n + m (b) A telemarketing supervisor tells a new worker that the odds of making a sale on a single call are 2 to 13. What is the probability of a successful call? (Round your answer to two decimal places.) 16 SEP étv W PDF 15 JPG 280 ||
1 - P(A) n(1 - P(A)) X (P(A)) n- nP(A) = X P(A) n = X P(A) + nP(A) x P(A) Jas in P(A) n + m (b) A telemarketing supervisor tells a new worker that the odds of making a sale on a single call are 2 to 13. What is the probability of a successful call? (Round your answer to two decimal places.) (c) A sports announcer says that the odds a basketball player will make a free throw shot are 5 to 7. What is the probability the player will make the shot? (Round your answer to two decimal places.) Need Help? Master It Read It Watch It Viewing Saved Work Revert to Last Response Submit Answer CC SEP W PDF 16 étv JPG 15 280 DII DD F10 F9 80 F7 F8 F6 F5
Transcribed Image Text:1 - P(A) n(1 - P(A)) X (P(A)) n- nP(A) = X P(A) n = X P(A) + nP(A) x P(A) Jas in P(A) n + m (b) A telemarketing supervisor tells a new worker that the odds of making a sale on a single call are 2 to 13. What is the probability of a successful call? (Round your answer to two decimal places.) (c) A sports announcer says that the odds a basketball player will make a free throw shot are 5 to 7. What is the probability the player will make the shot? (Round your answer to two decimal places.) Need Help? Master It Read It Watch It Viewing Saved Work Revert to Last Response Submit Answer CC SEP W PDF 16 étv JPG 15 280 DII DD F10 F9 80 F7 F8 F6 F5
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS