SOLUTION: the odds in favor of a horse winning a race are posted as 5:2. Find the probability that the horse will lose the race
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Question 232075: the odds in favor of a horse winning a race are posted as 5:2. Find the probability that the horse will lose the race Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! the odds in favor of a horse winning a race are posted as 5:2. Find the probability that the horse will lose the race
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Odds in favor of an event "A" = P(A)/P(not A)
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So P(A)/P(not A) = = 5/2 = (5/7)/(2/7)
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The probability the horse will lose the rate = 2/7.
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Cheers,
Stan H.
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