October 13, 2008
If you flipped three pennies, what would be the odds that they all came out the same?
Ok... Odds are different from probability
Probability(x) = (Chances for)/(Total chances)
Odds, on the other hand, are given as:
(Chances for) : (Chances against)
So if these are the following solutions:
TTT (000)
TTH (001)
THT (010)
THH (011)
HTT (100)
HTH (101)
HHT (110)
HHH (111)
There are 2/8 solutions that satisfy this. So 1/4 would be the PROBABILITY, but they asked for ODDS which would be 2:6 or 1:3
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