SOLUTION: The odds against WildHorse winning the third race are 11:2. If Molly places a $4 bet on WildHorse to win and WildHorse wins, find Molly’s net winnings

Algebra ->  Probability-and-statistics -> SOLUTION: The odds against WildHorse winning the third race are 11:2. If Molly places a $4 bet on WildHorse to win and WildHorse wins, find Molly’s net winnings      Log On


   

Question 187206This question is from textbook Survey of Mathematics w/ Applications expanded edition
: The odds against WildHorse winning the third race are 11:2. If Molly places a $4 bet on WildHorse to win and WildHorse wins, find Molly’s net winnings This question is from textbook Survey of Mathematics w/ Applications expanded edition

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
The odds against WildHorse winning the third race are 11:2. If Molly places a $4 bet on WildHorse to win and WildHorse wins, find Molly’s net winnings
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She wins $11 for each $2 she bets
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Net winnings on $4 will be 11 + 11 = $22
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Cheers,
Stan H.