Question

**Compute the probability of an event E if the odds in favor of E are 2/5.**

Step 1

**Odds of an event:**

The odds an event is given by the ratio of the probability of the event to its probability of compliment of the event. That is, the odds of an event *E* is given below.

Step 2

**Probability of an event:**

The probability of an event is the number of favourable outcomes divided by the sum of number of favourable and unfavourable outcomes.

Step 3

**Computation of probability of an event E:**

It is given that odds in favour of *E* is 2/5.

That is, number of favourable outcomes is 2.

The number of unfavourable outcomes is 5.

By substituting the va...

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