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Q.

If a person says that the odds are 3 to 2 in favour of their team winning then 

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a

The team is more likely to win than to lose.  

b

The probability that the team will win is 3/5 

c

It is fair if the person makes a bet which requires you to pay only Rs 40/- if the team wins , but will             pay you Rs 60/- if the team loses

d

The team has won 3 out of 5 matches in the past and lost only 2

answer is A, B, C, D.

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Detailed Solution

All options are True.

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