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    Exam 20: The House Edge: Expected Values
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    A Game Involving a Pair of Dice Pays You $4
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A Game Involving a Pair of Dice Pays You $4

Question 3

Question 3

Multiple Choice

A game involving a pair of dice pays you $4 with probability 16/36, costs you $2 with probability 14/36, and costs you $6 with probability 6/36.
What is your expected net result, in dollars, per play?


A) -$8
B) -$1.78
C) $0
D) $1.78
E) $8

Correct Answer:

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