For a $1 straight bet in the California Daily 3 lottery, the expected return is 64, so
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For a $1 “straight” bet in the California Daily 3 lottery, the expected return is 64¢, so betting a dollar for fun is okay, but it is unwise to bet much money on this lottery.
Does It Make Sense? For Exercises, determine 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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The statement does not make sense since the probability of winning is the same 13 whether you be...View the full answer
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Labindao Antoque
I graduated in 2018 with a Bachelor of Science degree in Psychology from Dalubhasaan ng Lungsod ng San Pablo. I tutored students in classes and out of classes. I use a variety of strategies to tutor students that include: lecture, discussions about the subject matter, problem solving examples using the principles of the subject matter being discussed in class , homework assignments that are directed towards reinforcing what we learn in class , and detailed practice problems help students to master a concept. I also do thorough research on Internet resources or textbooks so that I know what students need to learn in order to master what is being taught in class .
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Related Book For 
Statistical Reasoning For Everyday Life
ISBN: 978-0134494043
5th Edition
Authors: Jeff Bennett, William Briggs, Mario Triola
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