Question

In: Statistics and Probability

The odds on​ (against) your bet are 1 to 6. If you bet ​$18 and​ win,...

The odds on​ (against) your bet are 1 to 6. If you bet ​$18 and​ win, how much will you​ gain?

Solutions

Expert Solution

you will gain = 18 * 1/6 = $3

                                                                                                                                                                                                                                                                                  

orchestra answered 1 year ago
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