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    Elementary Statistics Study Set 1
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    Exam 5: Probability Distributions
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    Solve the Problem. -In a Game, You Have a 1/42 Probability of Winning
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Solve the Problem. -In a Game, You Have a 1/42 Probability of Winning

Question 120

Question 120

Multiple Choice

Solve the problem.
-In a game, you have a 1/42 probability of winning $67 and a 41/42 probability of losing $7. What is your expected value?


A) $1.60
B) $8.43
C) -$5.24
D) -$6.83

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