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A Fair Gamble Is One in Which

Question 34

Multiple Choice

A fair gamble is one in which:


A) The expected payoff of a bet is zero.
B) There is an equal probability of winning or losing a bet.
C) The expected payoff from a bet is equal to the bet itself.
D) The expected payoff from a bet is greater than zero.
E) Answers a and c are correct.

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