0.00 points Prior to the Academy Awards ceremony in 2009, the Uniled Kingdom boo
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0.00 points Prior to the Academy Awards ceremony in 2009, the Uniled Kingdom bookmaker Ladbrokes reportod the following odds for winning an Oscar in the category of best actress (The Wall Streel 2009). Joumal, February 20, Melissa Leo Meryl Streep Doubt Kate Winslet The Reader HathawayRachel Getting Married 2.11 1:20 1:33 3:10 52 Frozen River a. Express the ods for each actress winning as a probabilly, (Round your answers to 3 decimal places.) Best Anne Hathaway Angelina Jolie Melssa Leo Meryl Streep Kate Winslet b-1. According to your calculations, which actress was most likely to win an Oscar? O Kate Winslet O Angelina Jolie O Meryl Streep O Melissa Leo O Anne Hathaway b-2. Kate Winslet won her first Oscar on February 22, 2009. Was your prediction realized? O Yes O No O Type here to searchExplanation / Answer
Odds ,expressed in a fraction, can be converted to probability using following formula:
Probability = denominator / (numerator + denominator)
a) Anne hathaway
odds = 2:11
probability = 11/13 = 0.846
Angelina Jolie
odds = 1:20
probability = 20/21 = 0.952
Melissa Leo
odds 1:33
probability = 33/34 = 0.970
Meryl streep
odds 3:10
prbability = 10/13= 0.769
Kate Winslet
odds 5:2
probability = 2/7 = 0.286
b1) Melissa Leo
b2) No
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