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ODDS vs. PROBABILITY

ODDS vs. PROBABILITY. Odds are a little different than probability. When we calculate probability, we look at the ratio of favorable outcomes to the total number of outcomes. ODDS vs. PROBABILITY.

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ODDS vs. PROBABILITY

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  1. ODDS vs. PROBABILITY Odds are a little different than probability. When we calculate probability, we look at the ratio of favorable outcomes to the total number of outcomes.

  2. ODDS vs. PROBABILITY Odds are a little different than probability. When we calculate probability, we look at the ratio of favorable outcomes to the total number of outcomes. Odds compares favorable outcomes to unfavorable outcomes.

  3. ODDS vs. PROBABILITY Odds are a little different than probability. When we calculate probability, we look at the ratio of favorable outcomes to the total number of outcomes. Odds compares favorable outcomes to unfavorable outcomes. EXAMPLE : What are the odds of rolling a 6 on a die ?

  4. ODDS vs. PROBABILITY Odds are a little different than probability. When we calculate probability, we look at the ratio of favorable outcomes to the total number of outcomes. Odds compares favorable outcomes to unfavorable outcomes. EXAMPLE : What are the odds of rolling a 6 on a die ? Favorable outcome = 6 Unfavorable outcomes = 1 , 2 , 3 ,4 ,5

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  6. ODDS vs. PROBABILITY

  7. ODDS vs. PROBABILITY Odds are a little different than probability. When we calculate probability, we look at the ratio of favorable outcomes to the total number of outcomes. Odds compares favorable outcomes to unfavorable outcomes. EXAMPLE # 2 : The probability of drawing a blue marble from a bag is 4 out of 17. What are the odds of drawing a blue marble ?

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