document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=245940>Question 245940</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A race track tote board has the odds for a horse listed as 5 to 3. Tote boards list the odds that a horse will lose the race. If this is the case, what is the probability of the horse winning the race? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #179636 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=179636\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A race track tote board has the odds for a horse listed as 5 to 3. Tote boards list the odds that a horse will lose the race. If this is the case, what is the probability of the horse winning the race?<BR>\n" );
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document.write( "odds against \"A\" = P(A')/P(A)<BR>\n" );
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document.write( "odds for \"A\" = P(A)/P(A')<BR>\n" );
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document.write( "Your Problem:<BR>\n" );
document.write( "odds for the horse = P(winning)/P(losing) = 3:5<BR>\n" );
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document.write( "P(horse winning) = 3/(3+5) = 3/8<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "stan H. </SPAN>\n" );
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