Multiple Choice
Find the expected value of the random variable. Round to the nearest cent unless stated otherwise.
-In a game, you have a 1/33 probability of winning $62 and a 32/33 probability of losing $2. What is your expected value?
A) -$1.94
B) $1.88
C) $3.82
D) -$0.06
Correct Answer:
Verified
Correct Answer:
Verified
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