1. You play a game in which 30% of the time you will WIN $5 and 70% of the time you will LOSE $3. What is the expected v
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1. You play a game in which 30% of the time you will WIN $5 and 70% of the time you will LOSE $3. What is the expected v
1. You play a game in which 30% of the time you will WIN $5 and 70% of the time you will LOSE $3. What is the expected value for this game? Please show your work. 2. You play a game in which 40% of the time you win $3 and 40% of the time you lose $5 and 20% of the time you win $1. Please show your work.
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