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Mathematics, 01.04.2020 17:28 JadedylaneH6980

When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 33 or to bet $10 that the outcome is any one of the three possibilities 00 comma 0 comma or 1. the gambler knows that the expected value of the $10 bet for a single number is negative 0.53 cents. for the $10 bet that the outcome is 00 comma 0 comma or 1, there is a probability of startfraction 3 over 38 endfraction of making a net profit of $40 and a startfraction 35 over 38 endfraction probability of losing $10?

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When playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 33...
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