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Averaged over all games and all betsplaced, the house edge of a particular casino is $0.01 per dollar gambled. If a total of $119 million

Averaged over all games and all betsplaced, the house edge of a particular casino is $0.01 per dollar gambled. If a total of $119 million is wagered in the casino over the course of ayear, what is thecasino's expected totalgain? Explain.

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