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    Price Theory and Applications
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    Exam 18: Risk and Uncertainty
  5. Question
    A Die Is Rolled
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A Die Is Rolled

Question 3

Question 3

Multiple Choice

A die is rolled.The individual rolling the die will receive the number that lands in dollars (i.e.if it lands 1,they receive $1,if it lands two,they receive $2,etc) .The expected value of the die roll is


A) $1.00
B) $2.25
C) $3.50
D) $6.00

Correct Answer:

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