Question: In this problem, the gambler's idea of odds does not enter at all. a. The odds of an event are 1/5. What is the probability

In this problem, the gambler's idea of odds does not enter at all.

a. The odds of an event are 1/5. What is the probability of the event occurring?

b. The probability of an event is 2/3. What are the odds of the event occurring?

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