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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.

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Page 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

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.

Page 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

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.

Page 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

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 ?

Page 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

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 = 6Unfavorable outcomes = 1 , 2 , 3 ,4 ,5

Page 5: 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

ODDS vs. PROBABILITY

Page 6: 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

ODDS vs. PROBABILITY

Page 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

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 ?

Page 8: 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

ODDS vs. PROBABILITY

Page 9: 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

ODDS vs. PROBABILITY

Page 10: 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

ODDS vs. PROBABILITY

Page 11: 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

ODDS vs. PROBABILITY

Page 12: 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

ODDS vs. PROBABILITY

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