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A pair of dice are rolled and the dots are counted. You bet $1. If 7 or 11 come up you win $3 (payoff odds

A pair of dice are rolled and the dots are counted. You bet $1. If 7 or 11 come up you win $3 (payoff odds are 3 to 1). If anything else comes up, you lose your $1 bet.

average winnings (or losses)

Group of answer choices

- $ 4

- .11

-$.19

-$.08

-$.03

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