Odds In Exercise, use the following

Chapter 3, Problem 76E

(choose chapter or problem)

Problem 76E

Odds In Exercise, use the following information. The chances of winning are often written in terms of odds rather than probabilities. The odds of winning is the ratio of the number of successful outcomes to the number of unsuccessful outcomes. The odds of losingis the ratio of the number of unsuccessful outcomes to the number of successful outcomes. For example, when the number of successful outcomes is 2 and the number of unsuccessful outcomes is 3, the odds of winning are 2 : 3 (read “2 to 3”) or . A beverage company puts game pieces under the caps of its drinks and claims that one in six game pieces wins a prize. The official rules of the contest state that the odds of winning a prize are 1 : 6. Is the claim “one in six game pieces wins a prize” correct? Explain your reasoning.