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In probability, a fair game is when expected value is positive. True O False

In probability, a fair game is when expected value is positive. True O False

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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please help me in both with detail explanation.

I will give good rating.

In probability, a fair game is when expected value is positive. True False
Transcribed Image Text:In probability, a fair game is when expected value is positive. True False
In binomial distributions, the number of trials is independent. True False
Transcribed Image Text:In binomial distributions, the number of trials is independent. True False
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