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Section 2.8 Probability and Odds

Section 2.8 Probability and Odds. Objectives: Find the probability of an event Find the odds of an event. Probability of an event: a measure of the likelihood that the event will occur due to chance. It is a number between 0 and 1, inclusive

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Random variables

Random experiment. outcome. numerical measure/aspect of outcome. Random variables. Random variable. Random variable. S. outcome. R. number. Random variables. Random variable is an assignment of a number to an outcome of a random experiment. Notation: Random variable: r.v.

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Section 2.8 Probability and Odds

Random variables