SOLUTION: The odds against King winning the third horse race is 11:2. If Jan places a $4 bet on King to win and King wins, what are Jan's net earnings?

Algebra ->  Probability-and-statistics -> SOLUTION: The odds against King winning the third horse race is 11:2. If Jan places a $4 bet on King to win and King wins, what are Jan's net earnings?      Log On


   

Question 187195: The odds against King winning the third horse race is 11:2. If Jan places a $4 bet on King to win and King wins, what are Jan's net earnings?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
She earns $11 for each $2 bet
Net earnings: $22
Cheers,
Stan H.