The likelihood of rain has been reported at 80% for next week. Find the odds for rain occurring.
since odds of an event=probability of an event/(1-probability of event)
therefore odds for rain occurring =0.8/(1-0.80) =4 to 1 or 4:1
The likelihood of rain has been reported at 80% for next week. Find the odds for...
Instructions: Search the news, or online articles and sites to find the term “probability” (likelihood, odds, and expected outcome are also acceptable terms rather than “probability”). Locate two examples, one where you believe it is used correctly and one that you think seems fishy. Post your sources as a reference. No need to explain the articles, or how the term is used because that will be done in our response later in this module.
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