Probability and Odds

The topic for today is yet again a review--over probability and odds. Probability will always be represented as a number from 0 to 1, but never over 1. Odds, on the other hand, could be represented as a fraction that is over 1. Probability is defined as the ratio of a specific event happening to the total number of possibilities available. Odds is defined as the ratio of the chances of something happening to the chances of that same thing NOT happening.

Tonight's Homework: Lesson 2.8 ( 1 - 31, odd )