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8) What is the Expected value if there is a probability of .75 that you Win $10,000, and a probability of .25 that you Lose

8) What is the Expected value if there is a probability of .75 that you Win $10,000, and a probability of .25 that you Lose $ 8,000? 9) Use the Binomial probability formula to set up and find the probability of 4 successes if n = 10 and p = .40 (you can use a calculator to find the answer)

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