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November 23, 2014

Homework Help: Prob. Math

Posted by Traci on Thursday, April 7, 2011 at 1:35am.

Two teams have played each other 14 times. Team A won 9 games and team B won 5 games. Bob offers to bet $6 on team A winning while you bet $4 on team B winning. The winner gets $10. How much money should you expect to lose on such a bet? (Round to the nearest cent.)

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