allealashaye15 allealashaye15

13-12-2020
Mathematics

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Find the expected payback for a game in which you bet $5 on any number from 0 to 499. If your number comes up, you get $1000

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connorcharonis connorcharonis

13-12-2020

E(x) = (499*0 + 1000) / 500 = 2$

5$ + 2$ = 7$

7$ / 5$ = 1,4 => payback ratio = 40%

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