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What probability is the ratio of favorable outcomes to possible outcomes?
It is the theoretical probability of the event.
How are ratio and probability the same?
A ratio is a comparison of the relative size of two different things. Probability is the change that something will (or will not) occur. Probability can be expressed as a ratio of Yes to No (or, "will occur" to "won't occur"). That is, Probability is the relative size of Yes to No. So, if something is said to have a 60% Probability of occurring, what that is indicating is that, out of 100 tries, 60 will be the outcome indicated. While probability is usually expressed as a percentage, it is entirely possible to express it as a ratio. In the aforementioned example, a 60% Probability of occurrence could also be said to be a 60:40 (or, reduced, 3:2) ratio in favor of happening.
What is the first number in a probability ratio?
The number of "favourable" outcomes.
What is odds ratio?
A crude odds ratio is the probability that a case preceeded the control in regard to exposure and history.
What is another name for Experimental Probability?
Another name for experimental probability is empirical probability. This is the ratio of the number of outcomes in which a specified event occurs to the total number of trials.
