Question

The odds against the horse Bucksnot winning the race are 8:7. What is the probability that Bucksnot will win the race?

Answer 1

We have to find the probability that Bucksnot wins the race, which has odds that are 8:7.

The odds 8:7 means that out of 8+7 = 15 races, Bucksnot is expected to win 8.

Then, the probability can be calculated as:

`P=(8)/(15)\approx0.533`

Answer: the probability is approximately 0.533.