Mike went to the casino and bet 7 on 9 of a game which


Question: Mike went to the casino and bet $7 on #9 of a game which p(winning) =1/42 the payoff -odds is 154:4 Find

a) the prize

B) the odd-against that bet

C) is he better off with that bet or a bet on a small lotto which expected -value is 0.4

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Mathematics: Mike went to the casino and bet 7 on 9 of a game which
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