• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

Let the probability of the occurrence of an event be denoted by p, thereby implying that 1 – p represents the probability of the nonoccurrence of the event. Succinctly, the odds of the occurrence of the event are defined as the ratio of the probability of the occurrence ...

Loading
  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles