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Suppose A would offer 5:3 odds that it will rain tomorrow, and B offers 4:3 odds that it will NOT rain. If a person has
Suppose A would offer 5:3 odds that it will rain tomorrow, and B offers 4:3 odds that it will NOT rain. If a person has $100 and bets $x against A, $100-x against B. In order to get profit on the bets, what is the allowable range for x? O 40
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