# Question

When the horse Super Saver won the 136th Kentucky Derby, a $2 bet that Super Saver would win resulted in a return of $18.

a. How much net profit was made from a $2 win bet on Super Saver?

b. What were the payoffs odds against a Super Saver win?

c. Based on preliminary wagering before the race, bettors collectively believed that Super Saver had a 0.093 probability of winning. Assuming that 0.093 was the true probability of a Super Saver victory, what were the actual odds against his winning?

d. If the payoff odds were the actual odds found in part (c), how much would a $2 win ticket be worth after the Super Saver win?

a. How much net profit was made from a $2 win bet on Super Saver?

b. What were the payoffs odds against a Super Saver win?

c. Based on preliminary wagering before the race, bettors collectively believed that Super Saver had a 0.093 probability of winning. Assuming that 0.093 was the true probability of a Super Saver victory, what were the actual odds against his winning?

d. If the payoff odds were the actual odds found in part (c), how much would a $2 win ticket be worth after the Super Saver win?

## Answer to relevant Questions

In a clinical trial of 2103 subjects treated with Nasonex, 26 reported headaches. In a control group of 1671 subjects given a placebo, 22 reported headaches. Denoting the proportion of headaches in the treatment group by pt ...If one of the subjects is randomly selected, find the probability that the subject had a negative test result or does not use drugs. What is the probability that the selected person responded or is in the 18-21 age bracket? The formal addition rule expressed the probability of A or B as follows: P{A or B) = P{A) + (B) — P{A and B). The exclusive or means either one or the other events occurs, but not both. Rewrite the expression for P{A or B) ...If 4 of the 1000 test subjects are randomly selected, find the probability that they all had true negative test results. Is such an event unlikely? a. Assume that the 4 selections are made with replacement. b. Assume that ...Post your question

0