The expected value for the $5 bet that the outcome is 0, 00, 1, 2, or 3.

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Chapter 5.1, Problem 31BB

(a)

To determine

To find: The expected value for the $5 bet that the outcome is 0, 00, 1, 2, or 3.

(b)

To determine

To find: The bet that is better.

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