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The odds of the Toronto Argonauts winning the Grey Cup are estimated at 19:1. What is the probability that the Argos will win the cup?

Additionally, calculate the odds in favor of New Year's Day falling on a Friday.

Answer :

Final answer:

To find the probability of the Toronto Argonauts winning the Grey Cup based on the given odds of 19:1, add the odds together to get the total outcomes (19 + 1 = 20) and then divide 1 by 20 to get the probability of 0.05 or 5%.

Explanation:

The question is asking us to calculate the probability of an event based on given odds. The odds of the Toronto Argonauts winning the Grey Cup are given as 19:1. This means for every 19 chances they do not win, there is 1 chance that they will win.

The probability can be calculated by taking the number of successful outcomes divided by the total number of possible outcomes ('successes' plus 'failures').

To convert the odds of 19:1 into a probability, we add the numbers on either side of the colon together to find the total number of outcomes. This total is 19 (losses) + 1 (win) = 20 (total possible outcomes).

The probability of the Argonauts winning is therefore 1 out of 20, or 1/20, which also can be expressed as 0.05 or 5%.

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