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Posted: September 3rd, 2022
Ace my homework – Write my paper – Online assignment help tutors – Discussion Board 8 Ace my homework – Write my paper – Online assignment help tutors – Discussion Topic
As we discussed previous, we use odds and Probability all the time, for weather, for traffic patterns, for estimated future success in college, for promotions. These decisions all rely on taking what we know and determining the likelihood of future outcomes. When do you use the idea of odds? One estimate I use is that there is a 75% chance my son will eat waffles. For your initial post, post an example where you use odds or probability and express that situation as either an odds or probability value.
For your response find one posting from a peer and reply to it with the conversion to a probability or odds, whichever form was not used. When you see it in odds and probability form, does it seem like a reasonable estimate? For example, the odds for probability I estimated, that my son would eat waffles, is 75% = .75 = ¾ and since 4-3=1, the odds are 3:1 that he will eat the waffles, is that reasonable?
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