How to combine probabilities
- Enter the probability of A as a decimal (0.3), a percent (30%) or a fraction (3/10).
- Optionally enter the probability of B, and a number of tries.
- Read P(A and B), P(A or B), the chance of neither, and the chance of A at least once.
Probability, odds and percent
A probability of 0.25 is a 25% chance, or 1 in 4. Odds are written differently: 1 to 3 against means 1 win for every 3 losses, which is the same 25% chance. To turn odds of a to b into a probability, divide a by a + b.
Common mistakes
- Adding when you should multiply. Two 50% events don’t give 100%: both happening is 25%, either happening is 75%.
- The gambler’s fallacy. After five heads in a row, the next fair flip is still 50/50.
- Assuming independence. Weather on consecutive days, or cards drawn from one deck, affect each other.