Determine Whether the Statement Is True or False

question 237

True/False

Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false.
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If the odds in favor of an event E occurring are a to b, then the probability of occurring is .

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Definitions:

Linear Relationship

A relationship between two variables where the change in one variable is directly proportional to the change in another variable.

Reduction

A process or action that decreases the amount or size of something.

Expected Return

This is the average amount of profit or loss an investor can expect on an investment, calculated based on historical data or subjective probabilities.

Risky Securities

Financial instruments that carry a higher risk of losing the principle due to volatile market conditions but potentially offer higher returns.