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Business, 05.05.2020 08:54 williamsvilletiles

You are playing a fair gamble with your initial wealth $1,000,000. The expected return of each play of the gamble is 0% since it is a fair gamble. If you try to play this fair gamble 100,000 times, the probability that your wealth after the gambles is higher than your initial wealth is 50% since it is a fair gamble. Assume you bet the same fixed amount at each play and you are not allowed to borrow money.

A. True
B. False

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You are playing a fair gamble with your initial wealth $1,000,000. The expected return of each play...
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