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What are the odds notes
What are the odds notes
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Odds ratios (Basic concepts)
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Percentages
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windleh
What are the odds notes
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Cons30 S Probability Odds
1.
PROBABILITY AND ODDS
2.
RECALL: A RATIO is a comparison of two numbers, similar to a fraction...
0.25 1:4 1/4 5:10 .... reduces to... 1:2
3.
ODDS IN FAVOUR: The RATIO of favorable outcomes to nonfavorable outcomes. FAVORABLE OUTCOMES : NONFAVORABLE OUTCOMES
results you don't want results you want EX Roll a die. What are the odds in favour of rolling a 6?
4.
ODDS AGAINTS: The RATIO of nonfavorable outcomes to favorable outcomes. NONFAVORABLE OUTCOMES : FAVORABLE OUTCOMES
results you want results you don't want EX Roll a die. What are the odds against rolling a 3?
5.
EX Tossing a coin... What are the odds against tossing heads? What are the odds in favour of tossing tails?
6.
From a deck of cards, what are the .... odds in favour of drawing a club? odds against drawing a King? odds in favour of drawing a red card? odds against drawing a black 7?
7.
EX A wallet contains five $10 bills, two $5 bills and three $20 bills.
What are the odds against picking out $20 bill? # of bills that are NOT $20 : # of bills that are $20 # of bills = 5 + 2 + 3 = 10 bills total 3 of them are $20 and 7 of them are NOT $20
8.
HOMEWORK p.337; #111
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