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Odds against given Probability of Failure Formula

GoOdds against Formula

GoOdds against given Odds in Favor Formula

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Odds Against is the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning). Check FAQs

O A = \frac{q}{1 - q}

O_A - Odds Against?q - Probability of Failure?

Odds against given Probability of Failure Example

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Here is how the Odds against given Probability of Failure equation looks like with Values.

Here is how the Odds against given Probability of Failure equation looks like with Units.

Here is how the Odds against given Probability of Failure equation looks like.

0.6667 = \frac{0.4}{1 - 0.4}

0.6667 = \frac{0.4}{1 - 0.4}

0.6667 = \frac{0.4}{1 - 0.4}

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Odds against given Probability of Failure Solution

Follow our step by step solution on how to calculate Odds against given Probability of Failure?

FIRST Step Consider the formula

O A = \frac{q}{1 - q}

Next Step Substitute values of Variables

∴

O A = \frac{0.4}{1 - 0.4}

Next Step Prepare to Evaluate

∴

O A = \frac{0.4}{1 - 0.4}

Next Step Evaluate

∴

O A = 0.666666666666667

LAST Step Rounding Answer

∴

O A = 0.6667

Odds against given Probability of Failure Formula Elements

Variables

Odds Against

Odds Against is the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning).

Symbol: O_A

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Odds Against

Probability of Failure

Probability of Failure is the likelihood of losing an event.

Symbol: q

Measurement: NAUnit: Unitless

Note: Value should be between 0 to 1.

Formulas to find Probability of Failure

Other Formulas to find Odds Against

Go Odds against

O A = \frac{n L}{n W}

Go Odds against given Odds in Favor

O A = \frac{1}{O F}

Go Odds against given Probability of Success

O A = \frac{1 - p BD}{p BD}

Go Odds against given Probability of Success and Failure

O A = \frac{q}{p BD}

Other formulas in Odds Probability category

Go Probability of Success given Odds in Favor

p BD = \frac{O F}{O F + 1}

Go Odds in Favor given Probability of Failure

O F = \frac{1 - q}{q}

Go Odds in Favor given Probability of Success

O F = \frac{p BD}{1 - p BD}

Go Probability of Failure given Odds in Favor

q = \frac{1}{O F + 1}

How to Evaluate Odds against given Probability of Failure?

Odds against given Probability of Failure evaluator uses Odds Against = Probability of Failure/(1-Probability of Failure) to evaluate the Odds Against, The Odds against given Probability of Failure formula is defined as the ratio of the number of unfavorable outcomes (losing) to the number of favorable outcomes (winning), calculated using the probability of failure. Odds Against is denoted by O_A symbol.

How to evaluate Odds against given Probability of Failure using this online evaluator? To use this online evaluator for Odds against given Probability of Failure, enter Probability of Failure (q) and hit the calculate button.

FAQs on Odds against given Probability of Failure

What is the formula to find Odds against given Probability of Failure?

The formula of Odds against given Probability of Failure is expressed as Odds Against = Probability of Failure/(1-Probability of Failure). Here is an example- 4 = 0.4/(1-0.4).

How to calculate Odds against given Probability of Failure?

With Probability of Failure (q) we can find Odds against given Probability of Failure using the formula - Odds Against = Probability of Failure/(1-Probability of Failure).

What are the other ways to Calculate Odds Against?

Here are the different ways to Calculate Odds Against-

Odds Against=Number of Losses/Number of Wins
Odds Against=1/Odds in Favor
Odds Against=(1-Probability of Success in Binomial Distribution)/Probability of Success in Binomial Distribution

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