In a game, you have 1(30 probability of winning $120.00 and a 29230 probability of loosing $7.00. What is the expected value of your gain?
In a game, you have 1(30 probability of winning $120.00 and a 29230 probability of loosing $7.00. What is the expected value of your gain? [Hint In the case of loss, a gain is negative.) 0 -$7 0 23 _ 2 $ 30 O $2.?666... O -$2.766
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