Describe how the formulaf/Nis used to compute probabilities. Provide an original example where you use this formula to compute a probability. Make sure that you identify what f and N represent within your formula.

Describe how one computes the odds in favor as well as the odds against an event E occurring. Provide an original example where you compute the odds in favor and the odds against and event occurring.

Hint: You are dealing with ratios involving the number of successes and the number of failures associated with a particular event.

Please show me step by step explanation for both questions, another tutor did a good job of explaining the definitions but did not show me examples

I need two math examples for each, so I can understand how to my homework

Thank You