Page 5 - FINAL CFA I SLIDES JUNE 2019 DAY 3
P. 5
Session Unit 2:
9. Probability Concepts
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?
