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Consider the following bet: heads I pay you a dollar, tails you pay me a dollar. What is the standard deviations of the payoffs (returns)
Consider the following bet: heads I pay you a dollar, tails you pay me a dollar. What is the standard deviations of the payoffs (returns) of this bet? (Assume a fair coin.) A) -$1.00 B) $0 C) $0.50 D) $1.00 E) $10.00
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