A local amateur ice skater estimates that the probability she will place first in the next regional competition is 0.60. What are the odds she will win this competition?
a) 3 to 2
b) 7 to 3
c) 3 to 8
d) 2 to 3
e) 8 to 3
f) None of the above.
Solution :
p = 0.60
The odds she will win this competition = p / (1 + p) = 0.60 / (1 + 0.60) = 0.60 / 1.60 = 3 / 8 = 3 to 8
C)
A local amateur ice skater estimates that the probability she will place first in the next regional competition is 0.60. What are the odds she will win this competition? a) 3 to 2 b) 7 to 3 c) 3 to 8...
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