Math Solutions

(Steps Shown) Your friendly neighborhood sports bookie claims that the odds ratio of the Swedes beating the Russians in Olympic hockey is 0.9 with a 95% confidence

Question: Your friendly neighborhood sports bookie claims that the odds ratio of the Swedes beating the Russians in Olympic hockey is 0.9 with a 95% confidence interval of 0.85 - 0.95. He claims that the odds ratio of the Slovakians beating the Latvians is 1.2 with a 95% confidence interval of 0.8 - 1.6. Which of these would you consider a safer bet (that is, a more informative statistic) and why?

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