9 This problem has to do with odds (a) On average, what fraction of people with an odds of 0 37 of defaulting on their credit card payment will in fact default (b) Suppose that an individual has a 16 chance of defaulting on her credit card payment What are the odds that she will default

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9  This problem has to do with odds  (a) On average, what fraction of people with an odds of 0 37 of defaulting on their credit card payment will in fact default  (b) Suppose that an individual has a 16   chance of defaulting on her credit card payment  What are the odds that she will default

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Question: 9. This problem has to do with odds. (a) On average, what fraction of people with an odds of 0.37 of defaulting on their credit

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