Winning all three Triple Crown races is considered the greatest feat of a pedigree race horse. After

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Winning all three “Triple Crown” races is considered the greatest feat of a pedigree race horse. After a successful Kentucky Derby, Corn on the Cob is a heavy favorite at 2 to 1 odds to win the Preakness Stakes.

a. If he is a 2 to 1 favorite to win the Belmont Stakes as well, what is his probability of winning the Triple Crown?

b. What do his chances for the Preakness Stakes have to be in order for him to be “even money” to earn the Triple Crown?

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Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

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Question Posted: Dec 10, 2014 11:48 AM

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