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In a Gambling Game, on Every Play, There Is a 0.1

Question 57

Multiple Choice

In a gambling game, on every play, there is a 0.1 probability that you win $7 and a 0.9 probability that you lose $1. What is the expected value of this game?


A) +$2
B) $0.20
C) -$2
D) -$0.20

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