Suppose the odds of the Toronto Maple Leafs winning the Stanley Cup are 1:5, while the odds of the Montréal Canadiens winning the Stanley Cup are 2:13. What are the odds in favour of either Toronto or Montréal winning the Stanley Cup? (Answer is 3:7)
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Suppose the odds of the Toronto Maple Leafs winning the Stanley Cup are 1:5, while the odds of the Montréal Canadiens winning the Stanley Cup are 2:13. What are the odds in favour of either Toronto or Montréal winning the Stanley Cup? (Answer is 3:7)
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- he winner of a raffle will receive a 21-foot outboard boat. If 4000 raffle tickets were sold and you purchased 20 tickets, what are the odds against your winning the boat?The winner of a raffle will receive a two-year scholarship to the college of his or her choice. If 1000 raffle tickets were sold and you purchased five tickets, what are the odds against your winning the scholarship?SportBet lists the odds against the Lakers winning their next game as 5:2. Joe bets $10 with SportBet that the Lakers will lose their next game. If the Lakers lose, how much money will Joe get (apart from receiving his $10 bet back)? (Answer: $4) BetsRUs lists the odds in favor of Ben and Jerry's going out of business as 5:3. Ever the gambler, Joe bets $10 with BetsRUs that Ben and Jerry's will go out of business. If Ben and Jerry's goes out of business, how much money will Joe get (apart from receiving his $10 bet back)? (Answer: $6) anc and
- Casey is going to wear a gray sportcoat and is trying to decide what tie he should wear to work. In his closet, he has 44 ties, 12 of which he feels go well with the sportcoat. If Casey selects one tie at random, determine the probablity and the odds of the tie going well or not going well with the sportcoat.At Monday night Bingo, there is also a raffle being held for a 55-inch flat-screen television. If 1400 tickets were sold, and you purchased 120 tickets for $1 each, What are the odds in favor of your winning the television? Enter your result in lowest terms (remove common factors)Suppose that you and a friend are playing cards and decide to make a bet. If your friend draws two spades in succession from a standard deck of 52 cards replacing the first card, you give him $50. Otherwise, he pays you $10. If the same bet was made 30 times, how much would you expect to win or lose? Round your answer to the nearest cent, if necessary.
- Your friend offers to place a bet with you. He will pay you $2 if your favorite sports team wins the game on Tuesday night. But you will pay him $3 if his team wins. Your team has an 55% chance of winning, whereas his only has a 45% chance. This bet is in your favor. True or False?A game show spinner has these odds of stopping on a particular dollar values: 40% for $5, 25% for $100, 20% for $500, and 15% for $1000. What are the odds of a player winning $500 or $1000?The game board for the television show Jeopardy is divided into 4 categories with each category containing 5 answers. In the Double Jeopardy round, there are 2 hidden "Daily Double" squares. What are the odds in favor of choosing a "Daily Double" square on the first turn? Briefly explain your reasoning.
- In gambling, the chances of winning are often written in terms of odds rather than probabilities. The odds of winning is the ratio of the number of successful outcomes to the number of unsuccessful outcomes. The odds of losing is the ratio of the number of unsuccessful outcomes to the number of successful outcomes. For example, if the number of successful outcomes is 2 and the number of unsuccessful outcomes is 3, the odds of winning are 2:3 (read "2 to 3") or 23.(Note: If the odds of winning are 23, the probability of success is 25.) The odds of an event occurring are 1:2.Find (a) the probability that the event will occur and (b) the probability that the event will not occur. (a) The probability that the event will occur is? (Type an integer or decimal rounded to the nearest thousandth as needed.)The game board for the television show Jeopardy is divided into 6 categories with each category containing 5 answers. In the Double Jeopardy round, there are 2 hidden "Daily Double" squares. What are the odds against choosing a "Daily Double" square on the first turn? Briefly explain your reasoning.If the probability of a student taking a math class is 0.40, the probability of taking a physics class is 0.30, and the probability of taking a math class and a physics class is 0.02, what is the probability of a student taking a math class or a physics class?
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