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1 1000 (Simplify your answer) c. If you win, what is your net profit? $ 597 (Type an integer or a decimal. Do not round)
1 1000 (Simplify your answer) c. If you win, what is your net profit? $ 597 (Type an integer or a decimal. Do not round) d. Find the expected value for a $3 bet. S-24 (Type an integer or a decimal. Do not round) e. If you bet $3 on a certain casino game, the expected value is 19 Which bet is better in the sense of producing a higher expected value a $3 bet on the state's lottery or a $3 bet on the casino game? Explain. 4 OA. It is impossible to compare the values because they have different units OB. The casino game is a better bet because it has a larger expected value OC. Neither bet is better because both games have the same expected value OD. The state's lottery is a better bet because it has a larger expected value Alt+A Cle
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