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Provide an Appropriate Response 1/361 / 36 Probability of Winning $85 and a 35/36 Probability of Losing

Question 120

Multiple Choice

Provide an appropriate response.
-In a game, you have a 1/361 / 36 probability of winning $85 and a 35/36 probability of losing $4. What is your expected value?


A) $2.36
B) -$3.89
C) $6.25
D) -$1.53

Correct Answer:

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