Quote:
Originally Posted by steveb
odds is just another way of expressing probability.
with the graphic the arithmetic mean is 6
if one converts each odd to probability and then finds the average, it's .214
1/.214 equals 4.67
thus you are getting different averages for the same thing.
but only one way gives you the correct answer and it's not arithmetic mean.
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Certainly not arguing that, but without knowing for what purpose he wanted the information I didn't see the point of changing it. There is nothing incorrect about what I posted.
