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What Do We Mean by "Probability," "Odds," and "Conditional Probability

Question 104

Matching

What do we mean by "probability," "odds," and "conditional probability"?
Match each definition below with the letter of the corresponding expression.

Premises:
The ratio of success or failures to the number of possibilities
The ratio of successes to failures or the ratio of failures to successes
The probability of an event, given that an additional event has altered the sample space
Responses:
probability
conditional probability
odds

Correct Answer:

The ratio of success or failures to the number of possibilities
The ratio of successes to failures or the ratio of failures to successes
The probability of an event, given that an additional event has altered the sample space
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