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In a Coin Toss Bet,where Both Heads and Tails Are

Question 74

Multiple Choice

In a coin toss bet,where both heads and tails are equally likely,you win a $3 on heads but lose $1 on tails.The expected value of the bet is

A) $0.50
B) -$0.50
C) $1.00
D) $0.00

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