Suppose for an international football tournament, you wish to find the probability of the country who can win the final game. You can find the odds for winning from your local bookie [A bookie sets odds, accepts and places bets, and pays out winnings on behalf of other people]. Odds are mathematically treated as a fraction. If the odds for the Morocco vs Argentina game are 5 to 1, the fraction is 1 / 5. So to convert the fraction into probability of winning, take the numerator and divide it by the denominator plus 1. Use the Frac.class in Java to help you convert any given odds into probability. Display your result as a percentage on you console.

Suppose for an international football tournament, you wish to find the probability of the country who can win the final game. You can find the odds for winning from your local bookie [A bookie sets odds, accepts and places bets, and pays out winnings on behalf of other people]. Odds are mathematically treated as a fraction. If the odds for the Morocco vs Argentina game are 5 to 1, the fraction is 1 / 5. So to convert the fraction into probability of winning, take the numerator and divide it by the denominator plus 1. Use the Frac.class in Java to help you convert any given odds into probability. Display your result as a percentage on you console.

Operations Research : Applications and Algorithms

4th Edition

ISBN:9780534380588

Author:Wayne L. Winston

Publisher:Wayne L. Winston

Chapter21: Simulation

Section21.4: An Example Of Monte Carlo Simulation

Problem 3P

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