Explanation Approach: If the odds in favor of an event E occurring are a to b , then the probability of E occurring is, P ( E ) = a a + b Calculation: Let E be the event of deal being materialized. Here, a = 9 and b = 5 . Find P ( E ) . P ( E ) = a a + b

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ISBN: 9780100478183

Author: Tan

Publisher: YUZU

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Chapter 8.2, Problem 41E

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The probability that the deal will not materialize if the odds in favor of the deal are 9 to 5.

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Chapter 8.2, Problem 40E

Chapter 8.2, Problem 42E

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The probability that the deal will not materialize if the odds in favor of the deal are 9 to 5 .

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To find:

The probability that the deal will not materialize if the odds in favor of the deal are 9 to 5.