Answer
The odds in favor of Smarty Jones are 1 to 2.
Work Step by Step
$P$(Smarty Jones to win) = 0.3333
$P$(Smarty jones does not win) = 1-0.3333 = 0.6667
Therefore, the odds are 0.3333 to 0.6667 = 1 to 2 (multiply both by 3).
Statistics (12th Edition)
by McClave, James T.; Sincich, Terry T.
Published by
Pearson
ISBN 10:
0321755936
ISBN 13:
978-0-32175-593-3
Chapter 3 - Probability - Supplementary Exercises 3.154 - 3.199 - Applying the Concepts - Advanced - Page 175: 3.189a
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