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Mathematics 18 Online
OpenStudy (anonymous):

In a game, you have a 1/36 probability of winning $94 and 35/36 probability of losing $8. What is your expected value? $2.61, $10.39, -$5.17 or -$7.78

jimthompson5910 (jim_thompson5910):

Hint: E[X] = P(winning)*V(winning) + P(losing)*V(losing)

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