Suppose You Are Playing a Game of Chance

question 195

Multiple Choice

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.

• A) 22 : 1
• B) 1 : 22
• C) 23 : 1
• D) 115 : 120

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