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Sum
If odds in favour of X solving a problem are 4:3 and odds against Y solving the same problem are 2:3. Find probability of: X solving the problem
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Solution
Let X ≡ the event that X solves the problem
Y ≡ the event that Y solves the problem
Odds in favour of X solving the problem are 4 : 3
∴ P(X) = `4/(4 + 3)`
= `4/7`
Concept: Odds (Ratio of Two Complementary Probabilities)
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