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Business, 09.08.2021 20:40 HeroicEddie

There are 7 red balls and 7 black balls in an urn. You will draw 6 balls from the urn. If you draw 4 or less black balls, you win $29. Otherwise you pay me $566. (Draw without replacement.) Step 1 of 2 : Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.

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There are 7 red balls and 7 black balls in an urn. You will draw 6 balls from the urn. If you draw 4...
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