Problem:
Suppose that New York Yankees and Boston Red Sox (two American League baseball teams) are scheduled to play a best of three series. The winner of the series will be the first team that wins two of the three games. The probability that the Red Sox win a game in their home stadium is 0.6 and the probability that Yankees win their home game is 0.57. Next, suppose that you place a bet on each game played where you win $500 if the Red Sox win and you lose $520 if the Red Sox lose the game. Assume that the outcomes of the games are independent of each other. This project has 3 parts.