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In a betting game,the probability of winning $2is 0.6and the probability of winning $0(nothing)is 0.4.Based on these information,the standard deviation of winning ($)is a.0.96 b.1.20
In a betting game,the probability of winning $2is 0.6and the probability of winning $0(nothing)is 0.4.Based on these information,the standard deviation of winning ($)is
a.0.96
b.1.20
c.0.98
d.Not enough information given to answer this question
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