Question

Discuss the validity of the following statement. If the statement is always true, explain why. If not, give a counterexample. If the odds for E equal the odds against E', then P(E)== Choose the correct answer below. O A. The statement is true because the odds for E is equal to the odds against E' when P(E) is equal to 0.5. OB. The statement is true because because when P(E) is equal to 0.5, the odds for E is 50% chance and the odds against Eis also 50% chance OC. The statement is false because the odds for E is always equal to the odds against E' regardless the value of P(E) OD. The statement is false because the odds for E is equal to the odds against E' only when P(E) is less than 0.5.

Answer 1

odds in favow of) & - = favourable outcomes infavourable outcomes And the odds against the same event occuring odds (against) favourable out come unfavourable out come 2 08 rais, PCE) # PCE) for example, suppose the weather forecast stales odds in favour of rain : 703 These odds dell you not only the odds but aho die raining She odds of the os rain are on to 3, favons odds against rain are. odds against rain: 3 to 7 that is odds off not rc then the in Another way of saying odds that it will not rain is to 7 which is alse The Correct option is c' fabe