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4 years ago

12

Suppose you are playing a game of chance. If you bet $5 on a certain event, you will collect $115 (including your $5 bet) if you

win. Find the odds used for determining the payoff.

2 answers:

Liula [17]4 years ago

5 0

Answer:

If you bet $5 on a certain event, you will collect $115 (including your $5 bet) if you win.

So, if you lose the game, you lose $5 and if you win, you win 110$

We can relate these as: $\frac{110}{5}=22$

So, 22 to 1 are the odds against winning.

You lose 22*$5=110 and you win $110 once.

algol [13]4 years ago

3 0

1 to 23

if 23 people put in $5 you get $115 as a total.

so 1:23 are the odds

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Answer:

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Step-by-step explanation:

see the attached figure to better understand the problem

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4 years ago

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DiKsa [7]

Answer:

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2 years ago

The beads in 7 bracelets if 4 bracelets have 96 bead

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3 years ago

Afirm will break even (no profit and no loss) as long as revenue just equals cost. The value of x (the number of items produced

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Variable cost $=$ $ $15$ .

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$P(x)=15x-300$

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$30x-15x=300$

$15x=300$

$x=20$ .

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Learn more about cost function here:

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3 years ago

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