a. Explanation Given info: A bet of $2 on horse Super saver is won and the result is winning a ticket worth $18. Calculation: Here, the bet ticket is $2 and the result is return worth is $18. The net profit is the difference between the worth of the return and be actual bet... b. To determine To find: The payoff odds against a Super saver win. c. To determine To find: The actual odds against wining. d. To determine To find: The worth of a $2 win return after the Super saver win.

12th Edition

ISBN: 9780321837936

Author: Mario F. Triola

Publisher: PEARSON

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Question

Chapter 4.2, Problem 45BB

To determine

To find: The net profit that was made from a bet of $2 on Super saver.

To determine

To find: The payoff odds against a Super saver win.

To determine

To find: The actual odds against wining.

To determine

To find: The worth of a $2 win return after the Super saver win.

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Chapter 4.2, Problem 44BB

Chapter 4.2, Problem 46BB

Chapter 4 Solutions

Elementary Statistics

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The net profit that was made from a bet of $2 on Super saver.

Solution Summary: The author calculates the net profit from a bet of 2 on horse Super saver and the result is return worth 18. The payoff odd is the ratio between the value of the return and be actual.

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To find: The net profit that was made from a bet of $2 on Super saver.

To find: The payoff odds against a Super saver win.

To find: The actual odds against wining.

To find: The worth of a $2 win return after the Super saver win.

Want to see the full answer?

Chapter 4 Solutions