Provide an appropriate response.
-At the local racetrack, the favorite in a race has odds 3:2 of winning. What is the probability that the favorite wins the race?
A)0.6
B)0.4
C)0.2
D)1.5

Question

Quizplus · Accepted Answer

To find the probability, we need to divide the number of ways the favorite can win by the total number of possible outcomes. The odds of 3:2 mean that for every 5 races, the favorite wins 3 times and loses 2 times. So, the probability of winning is 3/5 or 0.6. Therefore, the best choice is A. The probability of an event happening is calculated by dividing the number of favorable outcomes by the number of possible outcomes. In this case, the odds are given as 3:2, which means that for every 3 favorable outcomes (winning), there are 2 unfavorable outcomes (losing). Therefore, the probability of winning is 3/(3+2) = 0.6 or 60%.

Provide an Appropriate Response