Probability and odds

Front

What are odds in favor?

Back

Odds in favor of an event is the ratio of the number of favorable outcomes to the number of unfavorable outcomes.

Front

How do you calculate odds from probability?

Back

If the probability of an event is P, then the odds in favor are P/(1-P).

Front

What is the probability of an event?

Back

Probability is a measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Front

If the probability of winning is 8/17, what are the odds in favor of winning?

Back

8/9.

Front

What is the relationship between probability and odds?

Back

Probability is a fraction of favorable outcomes over total outcomes, while odds compare favorable outcomes to unfavorable outcomes.

Front

How do you express odds in ratio form?

Back

Odds can be expressed in the form of a:b, where a is the number of favorable outcomes and b is the number of unfavorable outcomes.

Front

What are the odds in favor of getting bonus points if the probability is 3/5?

Back

3:2.

Front

If there are 10 balloons (2 small, 5 medium, 3 large), what are the odds in favor of a small balloon?

Back

2:8.

Front

What are the odds in favor of a large balloon if there are 10 balloons (2 small, 5 medium, 3 large)?

Back

3:7.

Front

How do you convert odds to probability?

Back

Probability = Odds / (1 + Odds).