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Business, 16.08.2020 01:01 jordan8037

An online gambling site offers a first prize of $50000 and two second prizes of $20000 each for registered users when they place a bet. A random bet will be selected over a 24hour period. Two million bets are received in the contest. Find the expected winnings if you can place one registered bet of $1 in the given period.

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An online gambling site offers a first prize of $50000 and two second prizes of $20000 each for regi...
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