If the Probability of Event B Is Given by

question 106

Multiple Choice

If the probability of event B is given by , then find the odds in favor of and against B.

• A)In favor 12:1; against 1:12
• B)In favor 1:12; against 12:1
• C)In favor 11:1; against 1:11
• D)In favor 1:11; against 11:1

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Definitions:

Percentage Calculation

The mathematical process of determining the percentage amount or rate of something.

Percentage Calculation

The process of determining the relative amount of something as a percentage, which involves multiplication by 100 and adding a percent sign.

Percentage Calculation

The mathematical process of finding a portion of a number relative to 100, often used to compare sizes of different quantities.

Graduated Commission

A graduated commission is a compensation structure where the rate of commission increases with the volume of sales achieved, incentivizing higher performance.