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?
Answers: 1
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In a two-spot keno game, the probability of winning is 0.0601. if you bet a quarter and both of your...
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