Probability Basicsmedium
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A venture capitalist is evaluating three mutually exclusive startup investments, , , and . The odds in favor of investing in are , and the odds in favor of investing in are . If the capitalist must invest in exactly one of these three startups, what are the odds against investing in startup ?
A venture capitalist is evaluating three mutually exclusive startup investments, , , and . The odds in favor of investing in are , and the odds in favor of investing in are . If the capitalist must invest in exactly one of these three startups, what are the odds against investing in startup ?