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9. A game of chance offers the following odds and payoffs: Probability Payoff 0.2 $500 0.4 100 0.4 0 a) What is the expected cash
9. A game of chance offers the following odds and payoffs: Probability Payoff 0.2 $500 0.4 100 0.4 0 a) What is the expected cash payoff? b) Suppose each play of the game costs $100. What is the expected rate of return? c) What is the variance of the expected returns? d) What is the standard deviation of the expected returns
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