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Find the expected value of the winnings from a game that has the following payout probability distribution: Payout ($) 2 4 6 8 10 Probability 0.5 0.2 0.15 0.1 0.05 Expected Value = [?] Round to the nearest hundredth. Please help!
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Find the expected value of the winnings from a game that has the following payout probability distri...
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