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A game of chance offers the following odds and payoffs. Each play of the game costs $ 2 0 0 , so the net profit
A game of chance offers the following odds and payoffs. Each play of the game costs $ so the net profit per play is the payoff less $
Probability Payoff Net Profit
$ $
a What is the expected cash payoff?
Note: Round your answer to the nearest whole dollar amount.
a What is the expected rate of return?
Note: Enter your answer as a percent rounded to the nearest whole number.
b What is the variance of the expected returns?
Note: In the calculation, use the percentage values, not the decimal values for the rates of return. Do not round intermediate calculations. Round your answer to the nearest whole number.
b What is the standard deviation of the expected returns?
Note: Enter your answer as a percent rounded to decimal places.
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