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Lets say I went to the fair and played the game of ring toss. I have 5 chance to throw ... and if i win,
Lets say I went to the fair and played the game of ring toss. I have 5 chance to throw ... and if i win, I take home a giant bear thats worth $20. It cost $5 to play. My odds of winning are about 25% What is the expected value?
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