When you bet on a race-horse with odds of m-n, you stand to win m rands for every bet of n rands if your horse wins; for instance, if the horse you bet is running at 5-2 and wins, you will win R5 for every R2 you bet (i.e. R2 bet will return R7). You are first required to compensate an amount of R5 as an entrance fee in order to bet on a race-horse. Here are some actual odds from a 1992 race at Belmont Park. The favourite at 6-2 was Pleasant Tap. The second choice was Thunder Rumble at 7-2, while the third choice was Strike the Gold at 3-1. Assume you are making a R10 bet on one of these horses. The payoffs are your profits. (If your horse does not win, you lose your entire bet and the entrance fee. Of course, it is possible for none of your horses to win). Set up the reward payoff matrix.

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A: Given data in the problem is $5-->55%$50-->20%$100-->15% $1000-->10%

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Q: iven P(A) = 0.40, P(B) = 0.25, and P(B|A) = 0.11, what is P(A or B)?

A: Given,P(A)=0.40P(B)=0.25P(B/A)=0.11

Q: How much profit should you make on a $14 bet if the payoff odds are

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A:

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Q: and B = %3D 3. Calculate-2A+B (: ) 3 6 -5 ...... ( ) 6 3

A:

Q: If P(B) = 0.3, P(A or B)= .06, and P(A and B)= .2, find P(A)

A: From the properties of probability, for any two events A and B we have

Q: So A is correct? and you are sure 100%?

A: Yes. Option (A) is correct.

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A:

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Q: If P (A) = 0.55, P(B) = 0.7, and P(A B) = 0.42, find P (A or B). and P(4 or B) = D

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Q: Given P(A) = 0.40, P(B) = 0.35, and P(A and B) = 0.12, what is P(A or B)?

A: Formula : P(A or B) = P(A) + P(B) - P(A n B)

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A: See the handwritten solution

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Q: If e =-6 and y = -2, then (r-y)(-r+y)= 19 2/1

A: