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A game of chance has a 25% probability of winning. Each time the game is played, the result is independent of the previous games played.
A game of chance has a 25% probability of winning. Each time the game is played, the result is independent of the previous games played. If you lose, you have to pay the "house" $5. If you win, the "house" pays you $10. Suppose the game is played 4 times. Determine the expected profit (or loss). The following table may help. I have only filled out part of the table.
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