Probability and Expected value Q.8) a. Define theoretical and empirical probability with examples. State the Law of large numbers. b. If p(E)= 0.37, find b1. The odds in favour of event E. b2. the odds against E. c. If the odds in favour of event E are 12 to 19, find P(E). d. If the odds in against event E are 10 to 3, find P(E).

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