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What Is Your Expected Value of Winning for a Game

Question 23

Multiple Choice

What is your expected value of winning for a game whose probabilities and outcomes are given in the following table? Assume the wager is $1. What is your expected value of winning for a game whose probabilities and outcomes are given in the following table? Assume the wager is $1.   A) $1.30 B) -$1.30 C) $0.10 D) -$0.10


A) $1.30
B) -$1.30
C) $0.10
D) -$0.10

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