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Lottery: In the New York State Numbers lottery, you pay $3 and can bet that the sum of the numbers that come up is 13
Lottery: In the New York State Numbers lottery, you pay
$3
and can bet that the sum of the numbers that come up is
13
. The probability of winning is
0.08
, and if you win, you win
$9.50
, which is a profit of
$6.5
. If you lose, you lose
$3
.
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