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Calculate the Expected Value of the Following Game

Question 120

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Calculate the expected value of the following game. If you win the game, your wealth will increase by 36 times your wager. If you lose, you lose your wager amount. The probability of winning is Calculate the expected value of the following game. If you win the game, your wealth will increase by 36 times your wager. If you lose, you lose your wager amount. The probability of winning is Calculate the variance of the game. Calculate the variance of the game.

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