Odds 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, when 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”). In Exercises 91–96, use this information about odds. 92. The probability of winning an instant prize game is 1 10 . The odds of winning a different instant prize game are 1:10. You want the best chance of winning. Which game should you play? Explain your reasoning.
Odds 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, when 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”). In Exercises 91–96, use this information about odds. 92. The probability of winning an instant prize game is 1 10 . The odds of winning a different instant prize game are 1:10. You want the best chance of winning. Which game should you play? Explain your reasoning.
Solution Summary: The author explains that the first game has the best chance of winning because the probability value is high when compared through the second game.
OddsThe 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, when 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”). In Exercises 91–96, use this information about odds.
92. The probability of winning an instant prize game is
1
10
. The odds of winning a different instant prize game are 1:10. You want the best chance of winning. Which game should you play? Explain your reasoning.
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