Consider an even money game that pays 7:5 if event A occurs. What is the probability of event A? A. 7/5 B. 5/7 C. 5/12 D. 7/12

Question

Terrance Irwin

Mathematics

31 January, 07:58

Consider an even money game that pays 7:5 if event A occurs. What is the probability of event A? A. 7/5 B. 5/7 C. 5/12 D. 7/12

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Marlie Randall · Answer 1

Given that an even moneyed game pays 7:5 if event A occurs, then the probability of an event A occurring will be as follows:

The odds of the games is 7:5

this means that the chances of event A occurring is far much less than the probability of the complement event occurring.

thus the probability of event A occurring will be

5 / (7+5)

=5/12

Answer: C] 5/12