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what are the odds of 30 out of 1000

 Jan 27, 2016

Best Answer 

 #3
avatar+129847 
+5

Odds and probability are somewhat different.....

 

The probability that someone has a heart attack  is 30 / 100

 

The odds that someone has a heart attack are   30 : [1000 - 30]  =  30 : 970  = 30 to 970

 

 

cool cool cool

 Jan 27, 2016
 #1
avatar+2752 
+5

 3/100

3people out of 100

 Jan 27, 2016
 #2
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0

30 out of 1000   ARE the odds

 

equal to   3  out of 100

    or 3 %

 Jan 27, 2016
 #3
avatar+129847 
+5
Best Answer

Odds and probability are somewhat different.....

 

The probability that someone has a heart attack  is 30 / 100

 

The odds that someone has a heart attack are   30 : [1000 - 30]  =  30 : 970  = 30 to 970

 

 

cool cool cool

CPhill Jan 27, 2016
 #4
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Questioning CPhill (though he is usually correct!)

I see how the PROBABILITY is 30 out of 1000 will get an MI.

That leaves 970   who MIGHT get an MI.   If the probability was 3% why wouldn't the odds be 3% of 970??    i.e.  29.1 to 970         Instead of 30 to 970??

 

Thanx    ~jc

 Jan 28, 2016
 #5
avatar+129847 
+5

Note, jc

 

Consider a single die......let's look at the probability of rolling a "1"   .....this is given by

 

[Number of ways a specific outcome could occur ] / [ Number of total outcomes]  =  1 / 6

 

But odds are different......the odds in favor  of an event happening  are given as:

 

[Number of ways a specific outcome could occur] : [ Number of all other possible outcomes]

 

So......rolling a "1" could happen in 1 way.......and the number of other outcomes possible is 5...we could roll a 2, 3, 4, 5, or 6,   instead

 

So......the odds in favor of rolling a 1   =   1 : 5   =  1 to 5

 

So...in our problem......the odds in favor of having a heart attack  =

 

[30 people have a heart attack ] : [ 970 people don't]  = 30 :  970

 

Does that make sense ???

 

[ People often  use the terms "probability' and "odds" interchangeably. They are not the same, technically.....!!!  ]

 

 

cool cool cool

 Jan 28, 2016

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