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OpenStudy (kanrapocalypse):
Kara is playing a game where she flips a coin 3 times. She wins and loses different amounts of money based on the outcomes. What is the EXPECTED VALUE for the game?
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OpenStudy (eliesaab):
That is all what is given
OpenStudy (mhchen):
The EXPECTED VALUE formula is \[\sum_{~}^{~}x_{i}p_{i}\] Where x is all the possible outcomes, and p is each probability.
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