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ODDS vs. PROBABILITY

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ODDS vs. PROBABILITY - PowerPoint PPT Presentation


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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.

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slide1
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.

slide2
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.

slide3
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 ?

slide4
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

slide7
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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