Find the Probability of the Event with Odds Against It $P ( E ) = \frac { 1 } { 2 }$

question 16

Multiple Choice

Find the probability of the event with odds against it 2 to 1.

• A) \(P ( E ) = \frac { 1 } { 2 }\)
• B) \(P( E ) = \frac { 2 } { 3 }\)
• C) \(P( E ) = \frac { 1 } { 3 }\)
• D) \(P ( E ) = \frac { 1 } { 4 }\)
• E) \(P ( E ) = \frac { 3 } { 4 }\)

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Definitions:

Money Income

The total income received by an individual or household in monetary form from all sources before any taxes.

Schedules

Structured plans or lists detailing when events are supposed to take place, often used for organizing tasks, appointments, or transportation.

Marginal Utility

The additional satisfaction a consumer gains from consuming one more unit of a good or service.

Sixth Unit

A term possibly denoting the incremental unit in a series, used in contexts like economics to discuss marginal utility or cost of the sixth item.