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Kyle Is Considering the Following Gamble: a 70% Chance of Winning

Question 22

Multiple Choice

Kyle is considering the following gamble: a 70% chance of winning $2,000 and a 30% chance of losing $2,000.This gamble would be classified as a(n)


A) fair gamble.
B) unfair gamble.
C) nearly-fair gamble.
D) worse-than-fair gamble.
E) better-than-fair gamble.

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