Given the following exponential function, identify whether the change represents
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The odds in favor of winning a prize in the contest of the juice company which gives prizes to anyone finding specially marked caps is 3.2.
<h3>What is odds against?</h3>In probability, the term odds against is the ratio of probability of non occurring a favorable event to the probability of occurring a favorable event. It can be given as,
Here, is the probability of not occurring a favorable event, and P(A) is the probability of occurring a favorable event.
A juice company gives the prizes to anyone finding specially marked caps on its juice bottles. The 4 bottles have winning cap in 20 bottles. Thus, the probability of winning is,
The probability of not winning is,
Thus, the odd against the winning is,
Thus, the odds in favor of winning a prize in the contest of the juice company which gives prizes to anyone finding specially marked caps is 3.2.
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