Odds is the ratio that compares the number of favorable outcomes of an event to the number of unfavorable outcomes.
Odds in Favor: Odds in favor of an event = number of favorable outcomes : number of unfavorable outcomes.
For example, the odds in favor of rolling a 2 on a fair six-sided die are 1 : 5 or 1 / 5.
Odds against: Odds against an event = number of unfavorable outcomes : number of favorable outcomes.
For example, the odds against rolling a 2 on a fair six-sided die are 5 : 1 or 5/ 1
A. 3 : 5
B. 5 : 3
C. 2 : 1
D. 1 : 2
Correct answer: A
Step 1: Sample space, S = {(H, H, H), (H, H, T), (H, T, H), (T, H, H), (H, T, T), (T, H, T), (T, T, H), (T, T, T)}.
Step 2: The odds in favor of getting exactly 1 head are 3 : 5. [Three outcomes are successes and 5 are failures.]
CCSS.MATH.SP.7.C.6CCSS.MATH.SP.7.C.7CCSS.MATH.SP.7.C.8Q1: What are the odds in favor of rolling a 4 on a six-sided die?
Q2: What are the odds against rolling a 4 on a six-sided die?
Q3: If the odds in favor of an event are 2:3, what is the probability of the event occurring?
Q: What is the difference between odds and probability?
A: Probability is the ratio of favorable outcomes to the total number of outcomes, while odds is the ratio of favorable outcomes to unfavorable outcomes.
Q: How do I calculate odds in favor?
A: Divide the number of favorable outcomes by the number of unfavorable outcomes.
Q: How do I calculate odds against?
A: Divide the number of unfavorable outcomes by the number of favorable outcomes.