Answer
Probability of a Smarty Jones win =50%
Work Step by Step
$P$( Smarty Jones to win)=0.5
$P$( Smarty Jones does not win) = 1-0.5 = 0.5
The odds in favor will be 0.5 to 0.5 = 1 to 1 (multiply both by 2).
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: 3.189b
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
