SOLUTION: The Melbourne Cup, held on the first Tuesday in November, has 24 horses entered in it. a. What is the probability of winning a prize in an office sweep (where horses are randomly

Question 778265: The Melbourne Cup, held on the first Tuesday in November, has 24 horses entered in it.
a. What is the probability of winning a prize in an office sweep (where horses are randomly allocated), if prizes are given for first, second and third places?
b. In a trifecta three horses are selected to finish first, second and third in the correct order. How many possible trifectas are there in the Melbourne Cup?
c. How many combinations of the horses winning a place (first, second or third) are not trifectas? That is, the selected horses finish first, second and third but not in the correct order.
d. Suppose you have a sweep ticket (where horses are randomly allocated) for the trifecta. What is your probability of winning the major prize (the trifecta) or a consolation prize (having three winning horses but in the wrong order)?

Answer by psbhowmick(878) (Show Source): You can put this solution on YOUR website!
I have the answer ready for this full assignment. If you want the answers send me an email.
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