Published on April 7, 2009
PROBABILITY AND ODDS
RECALL: A RATIO is a comparison of two numbers, similar to a fraction... 0.25 1:4 1/4 5:10 .... reduces to... 1:2
ODDS IN FAVOUR: The RATIO of favorable outcomes to nonfavorable outcomes. FAVORABLE OUTCOMES : NONFAVORABLE OUTCOMES results you don't want results you want EX Roll a die. What are the odds in favour of rolling a 6?
ODDS AGAINTS: The RATIO of nonfavorable outcomes to favorable outcomes. NONFAVORABLE OUTCOMES : FAVORABLE OUTCOMES results you want results you don't want EX Roll a die. What are the odds against rolling a 3?
EX Tossing a coin... What are the odds against tossing heads? What are the odds in favour of tossing tails?
From a deck of cards, what are the .... odds in favour of drawing a club? odds against drawing a King? odds in favour of drawing a red card? odds against drawing a black 7?
EX A wallet contains five $10 bills, two $5 bills and three $20 bills. What are the odds against picking out $20 bill? # of bills that are NOT $20 : # of bills that are $20 # of bills = 5 + 2 + 3 = 10 bills total 3 of them are $20 and 7 of them are NOT $20
HOMEWORK p.337; #111
Odds and Probabilities. Odds and probabilities If there is a probability of something happening, ... Now let's calculate the odds of survival for each group.
Converting between odds and probability is straightforward: To convert from a probability to odds, divide the probability by one minus that probability.
Odds of drawing 6 = number ... Probability and Odds Worksheet Key The probability of occurrences of any event can be ... Probability and Odds ...
How Are Odds Related to Probability? 2. Mutually Exclusive 3. ... We can start with odds for an event and then derive it’s probability.
Find the probability of the event that a coin will ... Find the odds of randomly choosing the letter H from a bag that contains the letters in the name of ...
Odds are a numerical expression, usually expressed as a pair of numbers, used in both gambling and statistics. In statistics, the odds for or odds of some ...
The terms probability and odds measure one’s belief in the occurrence of a future event. ... What is the difference between Probability and Odds?
Probability vs. Odds, Explained Date: 03/21/2002 at 21:22:50 From: Brett Subject: Odds in favor There is one coin with heads on one side and tails on the ...