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Given the odds that an event occurs, O(E), what is the probability of the event,P(E)? Give answer to two decimals. (a)O(E)= 1:5 B. O(E) =

Given the odds that an event occurs, O(E), what is the probability of the event,P(E)? Give answer to two decimals.

(a)O(E)= 1:5

B. O(E) = 1:2

c. O(E) = 1:25

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