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If a person says that the odds are 3 to 2 in favour of their team winning then
Options:
1)
The team is more likely to win than to lose
2)
The probability that the team will win is 3/5
3)
If he bets Rs. 100/- , his expectation of winning is Rs. 60/-.
4)
The team has won 3 out of 5 matches in the past and lost only 2
Asked by farhakhatoon64 | 11 Jan, 2022, 06:54: PM
Expert Answer
Odds are 3 to 2 in favour of the team winning means probability of winning is 3/5
Answered by Arun | 20 Jan, 2022, 09:48: AM
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