Exercise

Compute odds and probabilities

In this exercise you will review the concept of odds and their relationship to probabilities.

Recall the formulas from the video:

$$ \text{odds} = \frac{\text{event occurring}}{\text{event NOT occurring}} $$

and odds in terms of probabilities

$$ \text{odds} = \frac{\text{probability}}{1-\text{probability}} $$

Instructions 1/3

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  • 1

    An athlete competes in 60 races and wins 15 times.

    • Compute and print the odds of winning.
  • 2

    An athlete competes in 60 races and wins 15 times.

    • Compute and print the probability of winning.
  • 3
    • Compute and print the odds using the computed probabilities from previous exercise.