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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

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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 an envelope, he or she must pay $15 to play Determine the person's expectation if the checks in the envelopes are for $0/ $1, $7, and $19. The expected value is $ (Simplify your answer Type an integer or a decimal.) Ba

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