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It’s possible to make use of the formula to obtain the possibilities or alternatively, have fun with Minitab or SPSS to get the probability. From the research, you may use the way you are more more comfortable with unless of course given otherwise. Should your probability of an event \(E\) are 80%, find the odds to own and also the possibility against \(E\). We are able to use these formulas to alter odds in order to odds, and you can vice versa.

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