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Suppose That You Roll Two Dice 1010 If You Roll a Double

Question 73

Multiple Choice

Suppose that you roll two dice. You will be paid $ 1010 if you roll a double. You will not receive anything for any other outcome. How much should you be willing to pay for the privilege of rolling the dice, to the nearest cent?


A) $2.87
B) $2.47
C) $3.27
D) $2.07
E) $1.67

Correct Answer:

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