Let's look back at our bet on either "Aces" or "Boxcars". We win if we...
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Let's look back at our bet on either "Aces" or "Boxcars". We win if we roll a sum of 2 for "Aces" ora sum of 12 for "Boxcars". Let's place a $10 bet on "Boxcars"!a) What is the probability of winning?P(W) =b) What is the probability of losing?P(L) =c) The payoff odds are 30:1. What does this mean?
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