Cryptocurrency Q&A
How rare is a 0.75 chance?
How rare is a 0.75 chance?
CryptoGuru
Thu Dec 26 2024
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6 answers
1201
I'm trying to understand how uncommon or rare a 0.75 chance really is. I want to know the likelihood or rarity of an event that has a 0.75 probability of occurring.
6 answers
benjamin_doe_philosopher
Sat Dec 28 2024
This means that for every 75 times the event occurs, it does not occur 25 times.
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ZenHarmony
Sat Dec 28 2024
The odds can also be expressed as a ratio, in this case, three to one, or as a decimal, 3.1.
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Davide
Sat Dec 28 2024
If the odds of an event are extremely high, such as million to one, the probability of the event occurring is almost certain, approaching 1.01.
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Elena
Sat Dec 28 2024
Probability and odds are two ways to express the likelihood of an event occurring.
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Riccardo
Sat Dec 28 2024
When the probability of an event is 0.75, the odds can be calculated as 75:21.
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