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OpenStudy (anonymous):
find the odds of an event occurring given the probability. 3/8
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OpenStudy (amistre64):
odds and probabilities are similar in structure, they differ in count
OpenStudy (amistre64):
prob id defined as: success/total outcomes odds are a ration of success/failure , within the total outcomes
OpenStudy (amistre64):
since there are 8 total outcomes, and 3 success, how many failures do we have?
OpenStudy (anonymous):
5
OpenStudy (amistre64):
good, then odds are defined as success/failure 3:5 or 3/5 right?
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OpenStudy (amistre64):
mostly i think i recall seeing them as the 3:5 notation ...
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