Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 399 Weeks Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 18 Sep 2017 My Price 7.00

Betting odds

Expand Your Knowledge: Odds Against Betting odds are usually stated against the event happening (against winning).

The odds against event W are the ratio

width= In horse racing, the betting odds are based on the probability that the horse does not win.

(a) Show that if we are given the odds against an event W as a:b, the probability of not

width=

(b) In a recent Kentucky Derby, the betting odds for the favorite horse, Point Given, were 9 to 5. Use these odds to compute the probability that Point Given would lose the race. What is the probability that Point Given would win the race?

(c) In the same race, the betting odds for the horse Monarchos were 6 to 1. Use these odds to estimate the probability that Monarchos would lose the race. What is the probability that Monarchos would win the race?

(d) Invisible Ink was a long shot, with betting odds of 30 to 1. Use these odds to estimate the probability that Invisible Ink would lose the race. What is the probability the horse would win the race?

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Sep 2017 08:09 PM My Price 7.00

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