Multiple Choice
Provide an appropriate response.
-Suppose you pay $2.00 to roll a fair die with the understanding that you will get back $4.00 for rolling a 2 or a 3, nothing otherwise. What is your expected value?
A) -$0.67
B) -$2.00
C) $2.00
D) $4.00
Correct Answer:
Verified
Correct Answer:
Verified
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