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Mathematics, 13.07.2021 17:00 cancerbaby209
A boardwalk game of chance costs 2 dollars to play. You have a 20% chance of winning 1 dollar, a 25% chance of winning back your entire 2 dollars, and a 35% chance to win 5 dollars. What is the expected value of playing the game if you lose your bet 20% of the time?
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A boardwalk game of chance costs 2 dollars to play. You have a 20% chance of winning 1 dollar, a 25%...
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