Question
John went to the casino and bet $7 on # 9 of a game which P(Winning) = 1/47, the payoff-odd is 45:1 Find: a) the
John went to the casino and bet $7 on # 9 of a game which P(Winning) = 1/47, the payoff-odd is 45:1
Find:
a) the Prize;
b) the odd-against that bet;
c) is he better off with that bet or a bet on a small town Lotto which Expected –Value is -0.20? (Prove your answer!)
D) Find the # of Ways of Selecting a Six (6) –Digits # Excluding “4” & “9” (Without Replacement)
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Exploring Management
Authors: John R. Schermerhorn, Daniel G. Bachrach
5th edition
978-1119117742, 1119140293, 1119117747, 9781119140290, 978-1119231936
