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Mathematics, 05.05.2020 17:21 saabrrinnaaa
Suppose any one round of a gambling game pays 3 to 1 and the odds are 4 to 1 against you. Suppose you will play for 100 rounds and bet one dollar on each round. We want the probability you will come out ahead.
a. Determine what the possible net gains are. (Not all integers from −100 to 300 are possible.)
b. What is the smallest possible positive net gain?
c. What is the chance you will come out ahead?
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Suppose any one round of a gambling game pays 3 to 1 and the odds are 4 to 1 against you. Suppose yo...
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