SOLUTION: The house odds for team "bears to win a soccer championship are 7:1 A) what's is the probability "bears winning the championship? B) what is the probability of the bears losing?

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Question 876234: The house odds for team "bears to win a soccer championship are 7:1
A) what's is the probability "bears winning the championship?
B) what is the probability of the bears losing?
C) what are the odds of the "bears" winning?

Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
Odds of winning are 7:1
P(winning) = 7/8
P(losing) = 1/8
Odds(winning)are 7:1

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