Probability Return 0.20 10% 0.20 20% 0.20 22% 0.20 15% 0.20 25%
Probability
Return
0.20
10%
20%
22%
15%
25%
Odds are the number of successful possibilities to the number of unsuccessful possibilities:
P(E)/[1 − P(E)] or 0.6 / 0.4 or 3/2.
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