SOLUTION: The odds against Lounging Larry winning the horse race are 8:5. Determine the probability that Lounging Larry wins the horse race.
1. 5/13
2. 8/13
3. 5/8
4. 8/5
5. 13/5
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Probability-and-statistics
-> SOLUTION: The odds against Lounging Larry winning the horse race are 8:5. Determine the probability that Lounging Larry wins the horse race.
1. 5/13
2. 8/13
3. 5/8
4. 8/5
5. 13/5
W
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Question 486562: The odds against Lounging Larry winning the horse race are 8:5. Determine the probability that Lounging Larry wins the horse race.
1. 5/13
2. 8/13
3. 5/8
4. 8/5
5. 13/5
Which answer is it, because I am not sure? Found 2 solutions by richard1234, solver91311:Answer by richard1234(7193) (Show Source):
You can put this solution on YOUR website! 8:5 odds means that there are 8 chances of Lounging Larry winning with 5 chances of him not winning. The probability he wins is the number of favorable outcomes (8) over the number of total outcomes (8+5), or 8/13.
The other tutor has the arithmetic right, but slightly faulty logic. 8:5 are the odds against winning. 8 ways to lose, 5 ways to win: Probability of win:
John
My calculator said it, I believe it, that settles it
