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Consider rolling two fair dice independently. (a) I offer you the following bet: I will pay you $7 if the absolute value of the difference
Consider rolling two fair dice independently. (a) I offer you the following bet: I will pay you $7 if the absolute value of the difference between the number of spots showing on the two dice is at most 0. I require you to pay me $3 ANTE to play the game. The chance that you win is Is this a fair bet? (b) In 140 plays of the game, you should expect to $ |:]
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