Jackpot On February 11, 2009, the AP news wire released the following story: (LAS VEGAS
Chapter 13, Problem 10(choose chapter or problem)
Jackpot On February 11, 2009, the AP news wire released the following story: (LAS VEGAS, Nev.)A man in town to watch the NCAA basketball tournament hit a $38.7 million jackpot on Friday, the biggest slot machine payout ever. The 25-year-old software engineer from Los Angeles, whose name was not released at his request, won after putting three $1 coins in a machine at the Excalibur hotel-casino, said Rick Sorensen, a spokesman for slot machine maker International Game Technology. a) How can the Excalibur afford to give away millions of dollars on a $3 bet? b) Why was the maker willing to make a statement? Wouldnt most businesses want to keep such a huge loss quiet?
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