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(b) In a recent Kentucky Derby, the betting odds for the favorite horse were 9 to 5. Use these odds to compute the probability that the favorite horse would lose the race. What is the probability that the favorite horse would win the race?

Respuesta :

vlatkostojanovic

Answer:

Therefore, we conclude that the probability is P=0.31.

Step-by-step explanation:

We know that in a recent Kentucky Derby, the betting odds for the favorite horse were 9 to 5. We calculate the  probability that the favorite horse will win the race. Therefore, we get:

[tex]P=\frac{1}{5}+\frac{1}{9}\\\\P=\frac{14}{45}\\\\P=0.31\\[/tex]

Therefore, we conclude that the probability is P=0.31.