Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN: 9781305071742
Author: James Stewart, Lothar Redlin, Saleem Watson
Publisher: Cengage Learning
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Prompt: Each time you enter a guess, the program will tell you whether the secret word is alphabetically before your guess, alphabetically after your guess, or exactly matches your guess. Each secret word is randomly chosen from a dictionary with exactly 267, 751 words.
Question: Suppose I give you $15 to play the online Guess My Word game. Every time you make a guess, you give me $1. If you agree to play this game with me, do you expect to win money or lose money? Clearly justify your answer. (Assume that each of the 267, 751 words is equally likely to be chosen.)
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