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A game of chance offers the following odds and payoffs. Each play of the game costs $100, so the net profit per play is the

A game of chance offers the following odds and payoffs. Each play of the game costs $100, so the net profit per play is the payoff less $100.

Probability Payoff Net Profit
0.10 $700 $600
0.50 100 0
0.40 0 100

a-1. What is the expected cash payoff?

Note: Round your answer to the nearest whole dollar amount.

a-2. What is the expected rate of return?

Note: Enter your answer as a percent rounded to the nearest whole number.

b-1.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-2.hat is the standard deviation of the expected returns?

Note: Enter your answer as a percent rounded to 2 decimal places.

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