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A game is played using one die. If the die is rolled and shows 4, the player wins $15. If the die shows any number
A game is played using one die. If the die is rolled and shows 4, the player wins $15. If the die shows any number other than
4, the player wins nothing. Complete parts (a) through (b) below.
a. If there is a charge of $9 to play the game, what is the game's expected value? (Round to the nearest cent.)
b. What does this expected value mean? Choose the correct statement below.
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