Multiple Choice
Determine the number of outcomes that comprise the specified event.
-Suppose you are playing a game of chance. If you bet $5 on a certain event, you will collect $150 (including your $5 bet) if you win. Find the odds used for determining the payoff.
A) 29 to 1
B) 30 to 1
C) 150 to 155
D) 1 to 29
Correct Answer:
Verified
Correct Answer:
Verified
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