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when playing roulette at a casino, a gambler is trying to decide whether to bet $ on the number or to bet $ that the outcome is any one of the possibilities . the gambler knows that the expected value of the $ bet for a single number is . for the $ bet that the outcome is , there is a probability of of making a net profit of $ and a probability of losing $. a. find the expected value for the $ bet that the outcome is . b. which bet is better: a $ bet on the number or a $ bet that the outcome is any one of the numbers ? why?
Sagot :
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