This document discusses the odds of a successful outcome of an event. It defines odds as the ratio of the probability of success to the probability of failure. It also notes that probability is a ratio of the desired outcome to the total possible outcomes. The document directs the reader to additional examples on specific pages to further illustrate the concept of odds and probability.

1. What are the Odds???
The odds of a successful outcome of an event is the ratio of
the probability of its success to the probability of its failure.
Odds = P(s)
P(f)
Probability is a ratio of the desired to total possible
The “odds” is the ratio of probability of success to
probability of failures.

2. What are the Odds???

3. What are the Odds???
See example 5 on Pg. 854
for an additional example.

4. What are the Odds???

5. What are the Odds???
See example 6 on Pg. 855
for an additional example.

6. What are the Odds???