-Determine the probability of the following events. State any assumptions that you use.
1.) What is the probability of not tossing 3 heads with three fair coins?
- Odds. Use the definition given in the text to find both the odds for and the odds against the following events.
1.) Flipping two fair coins and getting 2 heads
- Use the definition of odds in betting to find the following odds.
1.) The odds on (against) your bet are 6 to 5. If you bet $20 and win, how much will you gain.
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