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5.2 Probability and Odds.notebook
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odds in favour the ratio of the probability that an event will occur to the probability that the event will not occur or the ratio of the number of favorable outcomes to the number of unfavorable outcomes.Example:
odds in against the ratio of the probability that an event will not occur to the probability that the event will occur or the ratio of the number of unfavorable outcomes to the number of favorable outcomes.Example:
5.2Probability and Odds
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A = the event in question m = events in favor of the eventn = events against the event occuring
odds in favor = m : n
odds against = n : m
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