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

question 153

Short Answer

Find the probability of the event with odds against it 100 to 1. $$P ( E ) = \frac { ? } { ? }$$

---

Definitions:

Non-Value-Added Cost

Expenses that do not add to the value or functionality of a product or service from the perspective of the customer.

Value-Added Cost

The increase in the value of goods or services as a result of a particular activity or process.

Customer Perspective

An approach focusing on understanding and meeting the needs and expectations of customers to improve a company's performance.

Bottlenecks

Points of congestion in a system where the demand outweighs the capacity, causing delays and reduced efficiency.