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Suppose that Boston Red Sox and New York Yankees (two American League baseball teams) are scheduled to play a best of three series. The winner
Suppose that Boston Red Sox and New York Yankees (two American League baseball teams) are scheduled to play a best of three series. The winner of the series will be the first team that wins two of the three games. The probability that the Red Sox win a game in their home stadium is 0.6 and the probability that Yankees win their home game is 0.57. Next, suppose that you place a bet on each game played where you win $500 if the Red Sox win and you lose $520 if the Red Sox lose the game. answer it in excel
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