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Business, 29.03.2021 22:10 Savageboyn

(a) Find the expected value of a $1 bet in six-spot keno if three winning spots pays $1 (but you pay $1 to play, so you actually break even), four winning spots pays $5 (but you pay $1 to play, so your profit is $4), five pays $110, and six pays $2,400. (Round your answer to two decimal places.) $

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(a) Find the expected value of a $1 bet in six-spot keno if three winning spots pays $1 (but you pay...
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