Determine the odds used for determining the payoff
Assume you're playing a game of chance. If you bet $9 on certain event, you will collect $360 (including your $9 bet) if you win. Determine the odds used for determining the payoff.
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The $1000 investment earns interest at the nominal rate r and is compounded quarterly. Determine nominal interest rate if value of investment triples after ten years.
Find out the null hypothesis, alternative hypothesis, test statistic, p value, conclusion and describe the proportion of adults who liked the candy compared to the proportion of children who liked the candy.
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