Steve learns that for a ($5) bet on a number in roulette, the expected return is ($4.74,)

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Steve learns that for a \($5\) bet on a number in roulette, the expected return is \($4.74,\) but for a \($5\) bet on the pass line in the game of craps, the expected return is \($4.93,\) so it is better to play this particular craps bet than the roulette bet.

For Exercises 5–8, decide whether the statement makes sense (or is clearly true) or does not make sense (or is clearly false). Explain clearly; not all of these have definitive answers, so your explanation is more important than your chosen answer.

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Statistical Reasoning For Everyday Life

ISBN: 9780321904645

4th International Edition

Authors: Jeffrey Bennett, William L. Briggs, Mario F. Triola

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