Solved

Suppose You Are Playing a Game of Chance

Question 195

Multiple Choice

Suppose you are playing a game of chance. If you bet $5 on a certain event, you will collect $115 (including your $5 bet) if you win. Find the odds used for determining the payoff.


A) 22 : 1
B) 1 : 22
C) 23 : 1
D) 115 : 120

Correct Answer:

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