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Suppose you pay $1.80 to roll a fair 10-sided die with the understanding that you will get $4.30 back for

rolling a 1, 2, 3, or 4. Otherwise, you get no money back. What is your expected value of gain or loss?
Round your answer to the nearest cent (i.e. 2 places after the decimal point), if necessary. Do NOT type
a "$" in the answer box.
Expected value of gain or loss: $

User Jovany
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1 Answer

7 votes

Answer:

0.64

Explanation:

here is the explanation

Suppose you pay $1.80 to roll a fair 10-sided die with the understanding that you-example-1
User KadoBOT
by
5.1k points