at the local racetrack, the favorite in a race has odds 5:3 of winning. what is the probability that the favorite wins the race.
1 answer:
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Answer:
The odds against making a free throw are: 0.1905 or 0.16:0.84
Step-by-step explanation:
The odds can be categorized into two categories
- Odds-against
- Odds-in favour
The odds against is the ratio of probability of failure to probability of success.
Given
Probability of making a free throw = P = 0.84
Probability of not making a free throw = Q = 1-P = 1-0.84 = 0.16
The formula for odds-against is:
Hence,
The odds against making a free throw are: 0.1905 or 0.16:0.84