Concept explainers
Racetracks quote the approximate odds for each race on a large display board called a tote board.
Here’s what it might say for a particular race:
Horse Number | Odds |
1 | 18 to 1 |
2 | 3 to 2 |
3 | 2 to 1 |
4 | 7 to 5 |
5 | 1 to 1 |
What will be the probability of winning for each of these horses? Note: The odds stated are for the horse’s losing. Thus,
So
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Chapter 13 Solutions
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