Answer:
336 different predictions.
1/336 probability of making the correct prediction by chance
Step-by-step explanation:
The order is important.
For example, Team A, B and C is a different outcome than team B, A, C.
So we use the permutations formula to solve this problem:
Permutations formula:
The number of possible permutations of x elements from a set of n elements is given by the following formula:
[tex]P_{(n,x)} = \frac{n!}{(n-x)!)}[/tex]
In this problem, we have that:
Permutations of 3 from a set of 8. So
[tex]P_{(8,3)} = \frac{8!}{(8-3)!} = 336[/tex]
What is the probability of making the correct prediction by chance?
There are 336 possible outcomes.
By chance, you predict 1.
So there is a 1/336 probability of making the correct prediction by chance