The ______ of an outcome are a ratio of the number of expected occurrences to the number of occurrences of other outcome(s).
A) probability
B) odds
C) proportion
D) chances

Question

Quizplus · Accepted Answer

The definition provided best fits the concept of odds, which is commonly used in gambling and betting. The odds of an event indicate the ratio of the probability of the event occurring to the probability of it not occurring, making it a ratio of expected occurrences to other possible outcomes. Probability refers to the likelihood or chance of an event occurring, while proportions and chances refer to different ways of expressing ratios or frequencies.

The ______ of an Outcome Are a Ratio of the Number