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

Mathematics

Ariana Chaney

20 April, 13:22

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

+1

Answers (1)

Know the Answer?

Lorelai Fitzgerald · 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