SOLUTION: A certain horse "Greased Lightning" has a probability of 0.7 of winning the race.
a. What are the odds in favor of this horse winning the race?
b. What are the odds against
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Question 867530: A certain horse "Greased Lightning" has a probability of 0.7 of winning the race.
a. What are the odds in favor of this horse winning the race?
b. What are the odds against this horse winning the race?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A certain horse "Greased Lightning" has a probability of 0.7 of winning the race.
Note: P(GL loses) = 0.30
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a. What are the odds in favor of this horse winning the race?:: 7:3
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b. What are the odds against this horse winning the race?:: 3:7
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Cheers,
Stan H.
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