Odds
Probability
Compares
the # of Favorable Outcomes
and the total # of possible outcomes Odds
Compare
the # of favorable Outcomes
and the # of unfavorable outcomes Example
There are
3 blue cubes and I red cube in a bag The
probability of drawing a red cubes =# Of
favorable outcomes
Total #of possible outcomes =1/4 The
odds in favor of an event =# Of
favorable outcomes
# Of unfavorable outcomes The
odds in favor of drawing a red cube =1/3 or
"1 to"3 The
odds against an event
=#Of
unfavorable outcomes
# Of favorable outcomes The
odds against drawing a red cube =3/1 or
"3 to1" 1. What
is the tsooba6ilitt of drawing a blue cube? 2. What
are the odds in favor of drawing a blue cube? 3. What
are the odds against drawing a blue cube? 
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