Final answer:
The odds in favor of the Cougars winning the toss in exactly two of three games is 3:5 as calculated by determining the probabilities of all combinations where they win twice and lose once.
Step-by-step explanation:
To calculate the odds in favor of the Cougars winning the toss in exactly two of three games, we consider that each toss of a coin has two possible outcomes: heads (H) or tails (T) with an equal probability of 1/2 each. We are interested in scenarios where they win twice and lose once. These scenarios are (HHT), (HTH), and (THH). The probability for each of these scenarios is ((1/2) * (1/2) * (1/2)), and since there are three such scenarios, the total probability of winning exactly two tosses is 3 * (1/2 * 1/2 * 1/2) = 3/8.
The odds in favor of an event are given by the ratio of the probability of the event happening to the probability of it not happening. Thus, the odds in favor of the Cougars winning exactly two out of three coin tosses are 3/8 (winning) to 5/8 (not winning), which simplifies to 3:5 (Answer A).