Determine whether the events are mutually exclusive
-Suppose you are playing a game of chance. If you bet $7 on a certain event, you will collect $280 (including your $7 bet) if you win. Find the odds used for determining the payoff.
A) 40 : 1
B) 1 : 39
C) 39 : 1
D) 280 : 287
Correct Answer:
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