If the risk of contracting a given illness at some point in one's life is 0.85 , what are the odds of contracting the illness at some point in one's life? 0.15 to 1 0.176 to 1 0.85 to 1 1.667 to 1 5.667 to 1
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To determine the odds of contracting the illness, we can use the formula for converting probability to odds. The probability of contracting the illness is 0.85, which means the probability of not contracting it is 1 - 0.85 = 0.15. The odds are then calculated as the probability of the event occurring divided by the probability of it not occurring: \[\text{Odds} = \frac{0.85}{0.15} = 5.6667\] Rounded off, the odds of contracting the illness at some point in one’s life are approximately 5.67 to 1. Understanding odds is crucial! In many areas of life—like gambling or medical statistics—grasping how to interpret these figures can make a big difference. Just picture yourself at a poker table, where knowing the odds of winning could change your strategy! Want to dive deeper? Exploring concepts like risk assessment and probability theory can make you a pro at analyzing everyday decisions. Check out books like "Freakonomics" or "The Drunkard's Walk" for engaging reads that blend stories with statistical insights!