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What is the probability of winningIf you win what is your net profitFind the expected value for a $1 betIf you bet $1 on a

What is the probability of winningIf you win what is your net profitFind the expected value for a $1 betIf you bet $1 on a certain casino game the expected value is -3.8. Which bet is better in the sense of producing a higher expected value ? Explain.

Homework: Go - Graded Week 3 Question 26, 5.1.29 HW Score: 77.13%, 22.37 of Homework

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