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If you have a 1 in a thousand chance of winning $400, but 999 out of a thousand times you win nothing, what is
If you have a 1 in a thousand chance of winning $400, but 999 out of a thousand times you win nothing, what is your expected payoff? $[?]
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Statistical Techniques In Business And Economics
Authors: Douglas A. Lind, William G. Marchal, Samuel Adam Wathen
13th Edition
9780070667075
