An odds is the ratio of the probability of an outcome over the probability of that outcome not
occurring.

Name: An odds is the ratio of the probability of an outcome over the probability of that outcome not occurring.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This definition is correct. An odds ratio is a measure of the likelihood of an event occurring, and is defined as the ratio of the probability of the event occurring divided by the probability of the event not occurring.

An Odds Is the Ratio of the Probability of an Outcome