Professional Documents
Culture Documents
Stats Betting
Stats Betting
Case 2:
In order to maximize payout, we must allocate optimal amount of money to Sue’s betting scheme
and Adam’s betting scheme.
We know that x + y cannot exceed $200 as that is all the money we have.
To maximize payout when there is a quiz, we will use solver to find allocation ratio. By changing loss
and investment amount constraints, we will get different values of payouts.