tilkiki9105 tilkiki9105

01-06-2023
Mathematics

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your horse, has a probability of 1/20 of coming in first place, a probability of 1/10 of coming in second place, and a probability of 1/3 of coming in third place. First place pays $4800 to the winner, second place $3200 and third place $1500. Is it worthwhile to enter the race if it costs $1000?

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