Chapter 6.7, Problem 2E

To determine

To explain: which event is more likely to occur.

Answer to Problem 2E

Event A is more likely to occur.

Explanation of Solution

Given information :

Consider, the information provided in the question,

The odds in favour of event A are 2 to 1 and the odds against event B are 2 to 1.

Since, the odds in favour of event A are 2 to 1. Therefore, event A will succeed twice as many times it will fail.

Also, the odds against event B are 2 to 1. Therefore, event B will fail twice as many times it will pass.

Thus, from the above two statement it is clear that event A is more likely to occur.

Hence,

Event A is more likely to occur.