1. Lesson 3

1.7. Lesson 3 Summary

Mathematics 30-3 Module 1

Module 1: Probability

 

Lesson 3 Summary

 

In this lesson you explored how odds can be used to express the likelihood of an event occurring. In this way, calculating odds is similar to calculating probability. Odds compare the number of favourable outcomes to the number of unfavourable outcomes, and probability compares the number of favourable outcomes to the total number of possible outcomes.

 

In the next lesson you will use your knowledge of odds and probabilities to help you solve problems and make decisions.