The odds in favor of rain this weekend is 7 to 3.
a) what is the probability it will rain this weekend?
b) what is the probability is will not rain this weekend?
Sometimes probability statements are expressed in terms of odds. The odds in favor of an event A is the following ratio. P(A)/P(not A) = P(A)/P(A^c) For instance, if P(A) = 0.60, then P(A^C) = 0.40 and the odds in favor of A are 0.60/0.40 = 6/4 = 3/2, written as 3 to 2 or 3:2. Show that if we are given the odds in favor of event A as n:m, the probability of event A is given by the following....
If the odds in favor of Fast Leg winning a horse race are 7 to 3 and the first prize is $20,000, what is the expected value of Fast Leg's winnings?
If the racetrack publishes that the odds in favor of a horse winning a race are 3 to 5, what is probability that the horse will not win the race?
Compute the odds in favor of obtaining a number divisible by 2 or 3 in a single roll of a die. The odds in favor are: ____ to _____ ?? (Type a whole number).
For a certain casino slot machine, the odds in favor of a win are given as 7 to 93. Express the indicated degree of likelihood as a probability value between 0 and1 inclusive The probability is Round to two decimal places as needed.)
If the odds in favor of an event occurring are 9 to 2, then the probability that the event will not occur is
For a certain horse race comma the odds in favor of a certain horse finishing in second place horse race, the odds in favor of a certain horse finishing in second place are given as 41 to 59 Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive. The probability is _. (Round to two decimal places as needed.)
If P(A) = 5 compute the odds in favor of A resulting from a single trial of an experiment. The odds in favor of A are to (Simplify your answer) 7
Compute the probability of event E if the odds in favor of E are (A) 74 (B) 38 (c) (0) 20 (A) P(E)=(Type the probability as a fraction. Simplify your answer) (B) P(E)-(Type the probability as a fraction. Simplify your answer.) (C) P(E)-(Type the probability as a fraction. Simplify your answer.) (D) P(E)-(Type the probability as a fraction. Simplify your answer.)
20. (4 points) If P(A) = 0.025, what are the odds in favor of event A to occur? A. 1:39 B. 1:38 C. 39:1 D. 0.025 21. (4 points) Suppose the probability that a student passes a math class is 0.6, and the probability that a student passes a psychology class is 0.8. Find the probability that a student passes a math class given that he/she has already passed the psychology class if the probability of passing both classes is...