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ODDS vs. PROBABILITY

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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

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.

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 ?

ODDS vs. PROBABILITY

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

ODDS vs. PROBABILITY

ODDS vs. PROBABILITY

ODDS vs. PROBABILITY

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 ?

ODDS vs. PROBABILITY

ODDS vs. PROBABILITY

ODDS vs. PROBABILITY

ODDS vs. PROBABILITY

ODDS vs. PROBABILITY