Multiple Choice
In the game of craps, two dice are rolled, and people bet on the outcome. For example, you can bet $1 that the dice will total 11. The probability that you win is , and if you win, your profit is $15.
If you lose, you lose $1. What is the expected value of your profit?
A) $0.83
B) -$0.94
C) -$0.11
D) $0.11
Correct Answer:

Verified
Correct Answer:
Verified
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