Solved: Consider which number in the odds ratio needs to change, Basic Statistics

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Consider which number in the odds ratio needs to change

Problem

The odds of winning a game are given as 1:25. What is the probability that you will win this game? What is the probability that you will lose this game? In your follow-up replies, consider which number in the odds ratio needs to change and how it needs to change in order to increase the probability of winning.

The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.

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Basic Statistics: Consider which number in the odds ratio needs to change

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