e chances of winning are often witten in terms of odds rather than probabilities
ID: 2921819 • Letter: E
Question
e chances of winning are often witten in terms of odds rather than probabilities. The odds of winning is the ratio of the number of successll outcomes to the number of unsuccesshd outcomes For example, he umber of ccessful outcomes is 2 and the number ofunsuccesshdoutor esb3 theod s of wiring are 23. The probabity of winning an instantprize game si Theodts ofwi ringan sert i tantprize-are-l p wr_he st chance of winning, which game should you play? Explain your reasoning hoose the correct answer below A. You should play te second ga me because the probablity of wiring a game with 110 odds of winning is 1 which is greater than 8. You should play the first game because the probabiy wime with 1:10 odds of wiwich ia greater than O c You should play the first game becausethe probablity dwng a gama wih 10 odds of winingis ic O D. You should play the second game becuse the peobuabilty of wining a gama wth 1 10 ods f wining C.Explanation / Answer
Answer : Option (C)
You should play the first game because the probability of winning a game with 1:10 odds of winning is 1/11 which is less than 1/10
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