Winning all three “Triple Crown” races is considered the
Chapter 5, Problem 45E(choose chapter or problem)
Problem 45E
Winning all three “Triple Crown” races is considered the greatest feat of a pedigree racehorse. After a successful Kentucky Derby, Big Brown is a 1 to 2 favorite to win the Preakness Stakes.
a. If he is a 1 to 2 favorite to win the Belmont Stakes as well, what is his probability of winning the Triple Crown?
b. What do his chances for the Preakness Stakes have to be in order for him to be “even money” to earn the Triple Crown?
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