If the balance at the end of eight years on an investment of $630 that has been invested at a rate of 9% is $1,083.60, how much
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Answer:
Consider the complete question is,
'The odds in favor of frank McKinney winning a hot dog eating contest are 2:9,
- Determine the probability that Frank will win the contest,
- Determine the probability that Frank will not win the contest'
Solution :
We know that,
Odds in favor : the ratio of the number of ways that an outcome can occur compared to how many ways it cannot occur.
We have,
So, total outcomes = 2 + 9 = 11,
Thus, the probability that Frank will win the contest =
And,
The probability that Frank will win the contest =