Problem
At the start of the 2010 World Cup, the betting exchange Betfair stated that the oddsagainst being the winning team were 9/2 for Spain, 11/2 for Brazil, 6/1 for England,and 90/1 for the United States. Find the corresponding prior probabilities of winningfor these four teams.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.