To identify the theoretical probability of an event.
To identify the odds of an event.
This packet talks about probability, both theoretical and experimental, and odds. There are definitions, examples, and problems for you to test your understanding.
This packet discusses the concepts of probability and odds. These terms are defined, and applied to simple situations to illustrate the ideas.
This powerpoint gives definitions and examples for both probability and odds.
Source: Greene, http://www.footballlocks.com/nfl_futures_odds.shtml
This video gives a dice example and finds the odds for, odds against, and probability of getting a 3.
This sections will test your understanding of probability and odds.
1. What is the probability of getting an even number on a roll of a fair dice?
2. What are the odds for getting a spade on one draw from a standard deck?
3. What are the odds against getting a tails on a flip of a fair coin?
Suppose we have a parking lot that has 10 total cars: 3 blue, 5 red, and 2 green.
What is the probability of, odds for, and odds against one randomly selected car being blue?