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OpenStudy (anonymous):
a person randomly selcects one of six envelopes. each contains a check that the person gets to keep. determine the persons expectation if the six envelops contain checks for $136, $192, $317 $441 $490 and $1097. the expected value is?
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OpenStudy (anonymous):
Multiply probability by payout... (1/6)(136)+(1/6)(192)+...
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