For a certain horse race comma the odds in favor of a certain horse finishing in...
For a certain horse race comma the odds in favor of a certain horse finishing in second place horse race, the odds in favor of a certain horse finishing in second place are given as 41 to 59
Express the indicated degree of likelihood as a probability value between 0 and 1 inclusive.
The probability is _. (Round to two decimal places as needed.)
Homework Answers
since probability of an even =odds/(1+odds)
therefore probability of horse finishing in second place =(41/59)/(1+41/59) = 0.41
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