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Mathematics, 25.01.2021 09:40 jina18

Imagine I offer you the following gamble. I shuffle an ordinary deck of cards (52 cards of 4 suits; no Jokers). I draw one card from the deck. If I draw a Spade, you win (I pay you) $10. If I draw any other suit, you lose (you pay me) $3.A. What’s the probability that you’d win the bet (i. e., I draw a Spade)? What’s the probability that you’d lose the bet

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