Yes No Question 13 Suppose P(C)=.048,P(M\cap C)=.044, and P(\Mu uC)=.524. Find the indicated probability. P[(M\cap C)] .990 wer .956 red .952 0 Question 14 Find the odds in favor of the indicated event. MacBook Prc 2 3 $ % ! # 4 5 6 Q W E R
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048$, $P(M \cap C) = .044$, and $P(M \cup C) = .524$. Find the indicated probability. $P[(M \cap C)']$ .990 wer .956 ered .952 00 Question 14 Find the odds in favor of the indicated event. Rolling a number less than 3 with a fair die MacBook Show more…
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Sometimes probability statements are expressed in terms of odds. The odds in favor of an event A are the following ratio: P(A) / P(not A) = P(A) / P(Ac). For instance, if P(A) = 0.60, then P(Ac) = 0.40 and the odds in favor of A are 0.60 / 0.40 = 6/4 = 3/2, written as 3 to 2 or 3:2. (a) Show that if we are given the odds in favor of event A as n:m, the probability of event A is given by the following equation: P(A) = n / (n + m). Hint: Solve the following equation for P(A): n / m = P(A) / (1 - P(A)). n(1 - P(A)) = m(P(A)) n - nP(A) = mP(A) n = mP(A) + nP(A) n = P(A) (m + n) P(A) = n / (n + m) (b) A telemarketing supervisor tells a new worker that the odds of making a sale on a single call are 2 to 17. What is the probability of a successful call? (Round your answer to two decimal places.) (c) A sports announcer says that the odds a basketball player will make a free throw shot are 5 to 3. What is the probability the player will make the shot? (Round your answer to two decimal places.)
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