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Mathematics, 08.07.2020 02:01, tydukes10
Expected Value (50 points) Game: Roll two dice. Win a prize based on the sum of the dice. Cost of playing the game: $1 Prizes: Win $10 if your sum is odd. Win $5 if you roll a sum of 4 or 8. Win $50 if you roll a sum of 2 or 12. Explain HOW to find the expected value of playing this game. What is the expected value of playing this game? Show your work. (30 points)
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Expected Value (50 points) Game: Roll two dice. Win a prize based on the sum of the dice. Cost of pl...
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