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Calculating the Probability of a Race

Question: Five horses are running in a race. I bet that Hot Shot will win first place, and Urawinner will win second. What is the probability that I will win?

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Without further details let's assume that all the five horses have the same odds of ...

Solution Summary

This solution provides a full explanation and all of the necessary mathematical work required to solve this probability based question. This response is about 60 words in length.