A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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In a game of​ chance, players pay ​$5 for a chance to win one of two​ prizes: a
​$100 gift card or a ​$20 gift card. The probability of winning the $100 gift card is 0.006 and the probability of winning the ​$20 gift card is 0.07.
 
Find the expected value​ (win or​ loss) per game.   

 

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