Question

Justin places a bet on the Steelers to win the Superbowl. The odds are 2:3. Find...

Justin places a bet on the Steelers to win the Superbowl. The odds are 2:3.

Find P(Steelers win)

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Answer #1

Odds in favor = Success : failure

P(Odds in favor) = Success / (Success + failure )

So,

P(Steelers win) = 2 / (2+3)

= 2/5

= 0.4

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