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    jrodgers's Avatar
    jrodgers Posts: 9, Reputation: 1
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    #1

    Apr 2, 2008, 07:47 AM
    Odds calculation in statistics given probability
    Hello,

    I have a question that I am having difficulty understanding.

    The question is If given the probability of being hired is .20, calculate the odds that you will be hired?

    My thought at first was to calculate the odds by using the probability of .20 and the complement .80 (chance of not being hired) this would give me .20/.80 = .25 so would that mean I would have a 1 and 4 chance of being hired?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Apr 3, 2008, 03:39 PM
    You're correct but I wouldn't state the answer that way. The odds are 1 to 4, or 1:4. I don't know what you mean by "1 and 4" chance.

    I'm not sure if the word "chance" has an official meaning. Probability means one thing. Odds means another. I would use the word odds.
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