CA Foundation P3 · Chapter 15 · Question 4 of 9
The odds in favour of an event are 3 : 5. The probability of the event is:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) 3/8
Explanation
Odds in favour a : b means P = a/(a + b) = 3/(3 + 5) = 3/8. 5/8 is the probability that the event does not occur, and 3/5 confuses odds with probability.
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