Probability
The probability that an event will occur is the fraction of times you expect to see that event over the course of many trials1.
A probability is a fraction and always ranges from zero to one. \[ \textrm{Probability} = \frac{\textrm{Odds}}{(1+\textrm{Odds})} \]
References
1.
Motulsky H. Intuitive Biostatistics: A Nonmathematical Guide to Statistical Thinking. 4th ed. Oxford University Press; 2018.
Citation
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Yomogida N, Kerstein C. Probability. https://yomokerst.com/The
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