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6.7
Probability and Odds
Bell Ringer:
Write the fraction as a decimal.
Vocabulary
-outcome: the possible ________ of an
experiment
-event: an outcome or collection of outcomes
i.e. rolling a 1 on a die
-favorable outcome: getting what you
specified
-probability: the likelihood an event will occur
Probability of an Event
P(event)=
Finding a Probability
I do.
Finding a Probability
We do.
Finding a Probability
You do.
Experimental Probability
Based on repeated trials (experiments) and
each time the event happens it is called a
success
P(event)=
I do.
We do.
You do.
Interpreting Probabilities
I do.
You do
odds in favor=
odds against=
favorable outcomes
unfavorable outcomes
unfavorable outcomes
favorable outcomes
I do.
you do.
form.