Are the following sets of odds against individual horses winning a race reasonable? Support your answer a. Toughguy 4-1; Smithstreet 3-1; Goaway 2-1; and Winsome 5-2 b. Tom Lee 3-1; Gravel Road 7-2; Tim Tam 7-1; Crazy Legs 9-1; Run Around 4-1; and Lightning 9-1

Are the following sets of odds against individual horses winning a race reasonable? Support your answer a. Toughguy 4-1; Smithstreet 3-1; Goaway 2-1; and Winsome 5-2 b. Tom Lee 3-1; Gravel Road 7-2; Tim Tam 7-1; Crazy Legs 9-1; Run Around 4-1; and Lightning 9-1

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

Are the following sets of odds against individual horses winning a race reasonable?
Support your answer
a. Toughguy 4-1; Smithstreet 3-1; Goaway 2-1; and Winsome 5-2
b. Tom Lee 3-1; Gravel Road 7-2; Tim Tam 7-1; Crazy Legs 9-1; Run Around 4-1;
and Lightning 9-1

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