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2) Cathy went to the casino and bet on # 11 of a game which P(Losing)...

2) Cathy went to the casino and bet on # 11 of a game which P(Losing) = 45/46 which Payoff-odd is
129:3, Given that the Net Profit is $301 , Find: a) the Prize ; b) the odd-against that bet;
Is she better off with that bet or a bet on a small town Lotto which Expected –Value is -0.3 ?

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