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Let's say this game is at a local school carnival. To play the game you pay $5. If your product is even you do not
Let's say this game is at a local school carnival. To play the game you pay $5. If your product is even you do not win anything. If your product is odd, you win $20. What is the expected pay out in the long run for this game
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
