Page 30 - FINAL CFA SLIDES DECEMBER 2018 DAY 3
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Session Unit 2:
9. Probability Concepts (A)
LOS 9.c: State the probability of an event in terms of odds for and against the event, p171.
“The odds for the event occurring are one-to-seven” ; OR the odds against the event
occurring are the reciprocal of 1/7, which is seven-to-one.
From odds for/against back to p?
