Aim: How are odds at odds with probability and expected value?
13.1 Find Probability and Odds
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Transcript of 13.1 Find Probability and Odds
13.1 Find Probability and
Odds
Vocabulary you should memorize:outcome: a possible result of an experimentevent: a specific outcome or collection of outcomessample space: the collection of all possible outcomesExample: When rolling a 6-sided die, you want to roll an odd number.
One outcome is to roll a 5. The event would consist of rolling a 1, 3, or 5. The sample space would be 1, 2, 3, 4, 5, and 6.
How to find a sample space:
One option is “brute force,” meaning to make a list and exhaust all options.
You flip 3 coins. What is the sample space?
Making a Tree Diagram:
You flip a coin and roll a number cube. How many outcomes are in the sample space? List all possible outcomes.
You flip 2 coins and roll a number cube. How many outcomes are in the sample space? List the possible outcomes.
probability: a number from 0 to 1 used to measure of the likelihood, or chance, that an event will occur.
-can be expressed as a decimal, fraction, or percent
Two different types of probability:
theoretical probability:
number of favorable outcomes
number of all possible outcomes
The “probability of A” can be written P(A).
experimental probability: based on repeated trials of an experiment.
number of successes
number of trials
odds: compare the number of favorable and unfavorable outcomes when all outcomes are equally likely.
odds in favor = # favorable outcomes
# unfavorable outcomes
odds against = #unfavorable outcomes
# favorable outcomes
Assuming that all colors are equally likely, find the odds for and the odds against landing on green.
Assignment:
pg. 846#3 – 16 all, 19, 20