(Solution Library) When you give the casino $5 for a bet on the "pass line" in a casino game of dice, there is 251/495 probability that you will lose $5


Question: When you give the casino $5 for a bet on the "pass line" in a casino game of dice, there is 251/495 probability that you will lose $5 and there is a 244/495 probability that you will make a net gain of $5. What is your expected value? In the long run, how much do you lose for each dollar bet?

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

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