In the Olympic finals, only three teams are represented: US, England and China. Tatjana believes the US will win and offers even odds of 1:1. Tyler is supporting England and is offering 2:1 odds. Finally, Jeff supports China as given by 5:4 odds. Determine the optimal way of dividing $100 to bet that ensures the largest winning.

Q: Casey is going to wear a gray sportcoat and is trying to decide what tie he should wear to work. In…

A:

Q: A card is picked from a standard deck of 52 cards. Determine the odds against and the odds in favor…

A:

Q: die is tossed. Find the odds against rolling a number greater than 4. Simplify your answer.

A: Odd against = number of unfavorable / number of favorable. Odd against probability =…

Q: If the odds in favor of winning a bet are 3:33, what is the probability of winning the bet? Write…

A: Given data:   The given odd in favor of winning a bet is O(E)=3:33.   The Depression for the odd in…

Q: What are the odds in favor of drawing a four from an ordinary deck of cards?

A: An ordinary deck of cards contains 52 cards in total. There are 4 number of cards (4 of spade, 4 of…

Q: Marleny is creating a game of chance for her family. She has 5 different colored marbles in a bag:…

A: From the provided information is  E(X)=-2*P(X=-2)+p*P(X=p)E(X)=-2*45+p*150=-85+p50=-8+pp=8

Q: There are 25 cars in a lot in California. The breakdown for model is as follows: Nissans- 4 Toyota-…

A: Given that, There are 25 cars in a lot in California. The breakdown for model is as follows:…

Q: you are playing a game in which a single die is rolled. if a 2 or a 5 comes up, you win $24,…

A: The objective of this question is to find the price that you should pay to play the game that would…

Q: At Monday night Bingo, there is also a raffle being held for a 55-inch flat-screen television. If…

A: Solution-: Given: 120 tickets are purchased out of 1400 tickets We want to find what are the odds in…

Q: A jar on your desk contains twelve black, seven red, nine yellow, and four green jellybeans. You…

A: The odds in favour of event A is P(A)/(1 - P(A)).

Q: Assuming you were lucky enough to win and the pay off odds were 35:1, how much money would you get…

A: Given data: The given odd ratio is 35:1. The meaning of the given odd ratio is that for every $1 we…

Q: A restaurant will select 1 card from a bowl to win a free lunch.  Jo puts 5 cards in the bowl.  The…

A: Given:-   Total cards =100 free lunch winning cards =5   we have to find the probability of winning…

Q: The odds, in simplified form, in favof of the event of the card being a queen or an ace are

A: The card of the event ifs being a queen or ace.

Q: The odds against four teams winning a tournament are: Giants 2-1; Flames 3-1; Bears 11-1; and Tigers…

A:

Q: The game board for the television show Jeopardy is divided into 4 categories with each category…

A:

Q: You are holding one red sock. In your sock drawer are 4 blue socks, 2 green socks, 8 white socks,…

A: We are given that, in a socks drawer Number of blue socks = 4 Number of green socks = 2 Number of…

Q: One card is randomly selected from a deck of cards. Find the odds against drawing a seven

A: Since we know that A deck contain 52 cards Number of seven cards = 4 Number of non-seven card = 52 -…

Q: A gumball machine has 40 red, 30 white and 10 yellow gumballs in it, and you purchase one gumball at…

A: Answer- A gumball machine has 40 red, 30 white and 10 yellow gumballs in it.  Total = 40 + 30 + 10 =…

Q: A card is picked from a standard deck of 52 cards. Determine the odds against and the odds in favor…

A:

Q: On a shelf containing 53 comic books, 21 are Marvel titles, 17 are DC titles, 12 are Dark Horse…

A: There are 17 DC titles.  And (53-17)=36 non-DC titles  So, the number of favorable cases= 17 Number…

Q: If the odds against a horse winning a race are 4-1 on a dry track and the odds of the horse winning…

A:

Q: Suppose the odds of the Toronto Maple Leafs winning the Stanley Cup are 1:5, while the odds of the…

A: Given We are asked to find the odds in favor of either Toronto or Montreal winning the Stanley Cup…

Q: A jar on your desk contains ten black, eight red, seven yellow, and five green jellybeans. You pick…

A: Introduction: The odds of an event A, is the ratio of the probability in favor of the event A, to…

Q: Which of the following games involving the roll of a single die is a fair bet A. Bet $1 and receive…

A: The question revolves around determining which of the given bets involving the roll of a single die…

Q: If you draw a random card from a standard deck of 52 cards, what are the odds of drawing a jack?…

A: Given data: The total numbers of cards are n=52. The numbers of jacks in the playing deck of the…

Q: XYZ company has designed a new lottery scratch-off game. The player is instructed to scratch off one…

A: The players are instructed to scratch off one spot from A, B, and C.A can reveal loser, win $1, or…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.