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1) You pay $2 to play a game. You select one card from a deck. If the card is a King, you get your $2
1) You pay $2 to play a game. You select one card from a deck. If the card is a King, you get your $2 back, plus an additional $1. If you don't pick a King, you lose your $2. a) Create a probability distribution model. b) Find the expected gain and standard deviation. Interpret the results. c) Calculate the expected gain and standard deviation if you played the game 7 times
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