What is the odds against an event happening when the probabi
What is the odds against an event happening when the probability of an event happening are 71%? ___________
Solution
Odd against of a event=(Prob. of Losing)/(Prob. of Winning) = (1-P)/P
where P is Prob of happening = 71% = 0.71
then Odd against of a event = (1-0.71)/0.71 = 0.29/0.71 = 0.4084
hence Odd against of a event = 40.84%
