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Suppose You Decide to Open a Casino Offering Only One

Question 57

Multiple Choice

Suppose you decide to open a casino offering only one game. You win a dollar 55% of the time, and your customer wins a dollar 45% of the time. How much profit would you expect to have if 7500 games are played?


A) $500
B) $750
C) $1000
D) $1250

Correct Answer:

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