utcome is 00, 0, or 1, there is a probability of 38 of making a net profit of $60 and a 38 probability of losing $20. xpected value for the $20 bet that the outcome is 00, 0, or 1. is better: a $20 bet on the number 19 or a $20 bet that the outcome is any one of the numbers 00, 0, or 1? Why?

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