Question

what concept measures the likelihood of an event occurring against it not occurring? a. odds b. probability c. variation d. expectation

Explanation:

• Odds measure the likelihood of an event occurring against it not occurring. It is calculated as the ratio of the probability of an event happening to the probability of it not happening.
• Probability measures the chance of an event occurring (ranging from 0 to 1).
• Variation refers to the differences or changes in a set of data.
• Expectation (in probability) is the average value of a random variable.

Answer:

A. Odds