SOLUTION: A certain horse "Greased Lightning" has a probability of 0.7 of winning the race. a. What are the odds in favor of this horse winning the race? b. What are the odds against

Algebra ->  Probability-and-statistics -> SOLUTION: A certain horse "Greased Lightning" has a probability of 0.7 of winning the race. a. What are the odds in favor of this horse winning the race? b. What are the odds against       Log On


   



Question 867530: A certain horse "Greased Lightning" has a probability of 0.7 of winning the race.
a. What are the odds in favor of this horse winning the race?
b. What are the odds against this horse winning the race?

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A certain horse "Greased Lightning" has a probability of 0.7 of winning the race.
Note: P(GL loses) = 0.30
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a. What are the odds in favor of this horse winning the race?:: 7:3
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b. What are the odds against this horse winning the race?:: 3:7
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Cheers,
Stan H.
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