Question
The San Francisco Giants defeated the Texas Rangers in order to win the 2010 World Series. a) The odds against the Giants winning the 2011
The San Francisco Giants defeated the Texas Rangers in order to win the 2010 World Series.
a) The odds against the Giants winning the 2011 World Series are 8 to 1. What is the probability that the Giants wont win the 2011 World Series?
b) The odds against the Rangers winning the 2011 World Series are 10 to 1. What is the probability that the Rangers will win the 2011 World Series?
2. If the odds against the U.S. womens soccer team winning the World Cup are 7 to 5, what is the probability that they will win the World Cup?
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
