Question: Alan Garole was a jockey at Saratoga Springs Raceway during

Alan Garole was a jockey at Saratoga Springs Raceway during the 7/23/08 to 9/1/08 season. He had 195 starts, with 39 first places, 17 second places, and 28 third places. If all the 2008 racing season conditions had held for Alan Garole at the beginning of the 2009 season, what would have been:
a. the odds in favor of Alan Garole coming in first place during the 2009 racing season at Saratoga?
b. the probability of Alan Garole coming in first place during the 2009 racing season at Saratoga?
c. the odds in favor of Alan Garole placing (coming in first, second, or third) during the 2009 racing season at Saratoga?
d. the probability of Alan Garole placing during the 2009 racing season at Saratoga?
e. Based on the above statistics, should you bet that Alan Garole came in first or placed? Why?

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  • CreatedAugust 27, 2015
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