Racetracks quote the approximate odds against each horse winning on a large board called a tote board.

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Racetracks quote the approximate odds against each horse winning on a large board called a tote board. The odds quoted on a tote board for a race with four horses are as follows.

Horse                              Number Odds

2 . . . . . . . . . . . . . . . . . . . . . . 15 : 1

3 . . . . . . . . . . . . . . . . . . . . . .   1 : 1

4 . . . . . . . . . . . . . . . . . . . . . .   3 : 1

5 . . . . . . . . . . . . . . . . . . . . . . 13 : 3

Determine the probability of each horse winning the race.

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Related Book For  answer-question

A Survey Of Mathematics With Applications

ISBN: 9780135740460

11th Edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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