probability

Description

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Question

in a game, you pay $2 to play per game. it is possible to win $2, $4, or $8 with respective probabilities 75/216, 20/216, 1/216. a. what is the probability that you win nothing? b. what is the expected payoff for this game? (on average how much money you can make or lose per game) c. suppose that you p... Mar 15 2012 08:35 AM

 

Solution ID:609295 | This paper was updated on 26-Nov-2015

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