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Question

Suppose someone gives you 9


9 to 2


2 odds that you cannot roll two even

numbers with the roll of two fair dice. This means you win ​$9


9 if you succeed and you lose ​$2


2 if you fail. What is the expected value of this game to​ you? Should you expect to win or lose the expected value in the first​ game? What can you expect if you play 200


200 ​times? Explain.

Top Answer

Expected value of this one game=$0.75 There... View the full answer

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