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A carnival game offers a 120-dollar cash prize for anyone who can break a balloon by throwing a dart at it. It costs 9 dollars
A carnival game offers a 120-dollar cash prize for anyone who can break a balloon by throwing a dart at it. It costs 9 dollars to play and you're willing to spend up to 36 dollars trying to win. You estimate that you have a 10% chance of hitting the balloon on any throw. Find the expected net profit. Assume that throws are independent of each other.
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