There is a bucket with 8 $1 bills, 5 $5 bills, 4 $10 bills, and 3 $20 bills. The billsare well "mixed" and you reach into the bucket without looking and grab onebill. Using the context of this scenario, explain the difference, if there is adifference, between the "odds" of the bill you grabbed being a $20 bill and theprobability of the bill you gabbed being a $20 bill. In your explanation includethe odds and probability of the bill you grabbed being a $20 bill.
