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Find the odd-against that bet

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Reference no: EM131557735

Question: Mike went to the casino and bet $7 on #9 of a game which p(winning) =1/42 the payoff -odds is 154:4 Find

a) the prize

B) the odd-against that bet

C) is he better off with that bet or a bet on a small lotto which expected -value is 0.4

Reference no: EM131557735

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