The probability of a sale is 0.80. What are the odds in favor of a sale?

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Statistics For Business And Economics

ISBN: 9781292315034

9th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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Question Posted: Nov 11, 2022 12:32 AM

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The probability of a sale is 0.80. What are the odds in favor of a sale?

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If we are considering the odds of a sale happening we would say that the odds are 4 to 1 in fa...View the full answer

Statistics For Business And Economics

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