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A person randomly selects one of four envelopes. Each envelope contains a check that the person gets to keep. However, before the person can select
A person randomly selects one of four envelopes. Each envelope contains a check that the person gets to keep. However, before the person can select an envelope, he or she must pay $15 to play. Determine the person's expectation if the checks in the envelopes are for 0$, $4, $8, and $22.
The expected value is $__
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