John went to the casino and bet $7 on # 9 of a game which P(Winning) =

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John went to the casino and bet $7 on # 9 of a game which P(Winning) = 1/47, the payoff-odd is 45:1

Find:

a) the Prize;

b) the odd-against that bet;

c) is he better off with that bet or a bet on a small town Lotto which Expected –Value is -0.20? (Prove your answer!)

D) Find the # of Ways of Selecting a Six (6) –Digits # Excluding “4” & “9” (Without Replacement)

Related Book For answer-question

Exploring Management

ISBN: 978-1119231936

5th edition

Authors: John R. Schermerhorn, Daniel G. Bachrach

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Posted Date: Oct 22, 2020 08:27 PM

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John went to the casino and bet $7 on # 9 of a game which P(Winning) =

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Exploring Management

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