You decide to spend some money and place a bet on the 2022 NFL Super Bowl. If
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Question:
You decide to spend some money and place a bet on the 2022 NFL Super Bowl. If the Cleveland Browns currently are at +2400 odds and you place a $1000 bet:
a. How much money could you potentially win?
b. What would your expected value be?
c. Explain what the expected value means.
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