Find the Probability the Event with Odds in Favor of 100

question 71

Multiple Choice

Find the probability the event with odds in favor of 100 to 1.

• A) \(P ( E ) = \frac { 100 } { 101 }\)
• B) \(P \left( E \right) = \frac { 1 } { 100 }\)
• C) \(P ( E ) = \frac { 99 } { 100 }\)
• D) \(P ( E ) = \frac { 99 } { 101 }\)
• E) \(P \left( E \right) = \frac { 1 } { 101 }\)

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Definitions:

Market Segment

A subgroup of people or organizations with shared characteristics within a broader market that businesses target with specific products or marketing.

Promotion

All the activities that communicate the value of a product and persuade customers to buy it.

Market Share

The portion of a market controlled by a particular company or product.

Business-to-business Segmentation

The process of dividing a business market into distinct groups based on various factors like industry, size, or needs for targeted marketing strategies.