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In a Game of Chance, the Probability of Winning a $50

Question 51

Multiple Choice

In a game of chance, the probability of winning a $50 prize is 40 percent, and the probability of winning a $100 prize is 60 percent. What is the expected value of the prize in the game?


A) $50
B) $75
C) $80
D) $100

Correct Answer:

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