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Mathematics, 13.12.2019 02:31 lexylexy8583

In a two-spot keno game, the probability of winning is 0.0601. if you bet a quarter and both of your numbers are picked out of the hopper, you win $3.50. otherwise, you lose $0.25.

a. what is the expected value of this game

b. is this game a good bet? explain

c. if you played this game 1000 times, how much would you expect to win or lose?

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Answers: 1

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