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Mathematics, 01.05.2021 03:40 broyochey1
Suppose you pay $3.00 to roll a fair die with the understanding that you will get back $5.00 for rolling a 1 or a 6, nothing otherwise. What is your expected value?
A. $5.00
B. –$1.33
C. $3.00
D. –$3.00
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Answers: 3
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Suppose you pay $3.00 to roll a fair die with the understanding that you will get back $5.00 for rol...
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