4. That odds against winning in craps are 507 to 493. What is your expected return on a $20.00 wager?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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4. That odds against winning in craps are 507 to 493. What is your expected return on a $20.00 wager?
Transcribed Image Text:4. That odds against winning in craps are 507 to 493. What is your expected return on a $20.00 wager?
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