Question

For a certain horse race comma the odds in favor of a certain horse finishing in second placehorse race, the odds in favor of a certain horse finishing in second place are given as 3333 to 6767. Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive.

Answer 1

Answer:

0.33

Step-by-step explanation:

Let A denote an event. The odds of the horse finishing second is 33 to 67.

From the information, the total outcomes of event A is:

$Total \ Outcomes, A=Favorable +Unfavorable\\\\=33+67\\\\=100$

Hence, there are 100 total outcomes. The probability of the horse finishing second is calculated as:

$p=\frac{n(A_f)}{n(A_u)}\\\\\\=p=\frac{33}{100}\\\\=0.33$

Hence, the probability of finishing second is 0.33