Statistics 250
posted by Alica .
The NCAA men's basketball season starts with 327 college teams all dreaming of making it to "the big dance" and attaining the National Championship. Sixtyfour teams are selected for the tournament, and only one wins it all. (Assume that every team has an equal chance.)
(a) What are the odds against a team being selected for the tournament?
(b) What are the odds of a team that is in the tournament winning the National Championship?
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