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Suppose a game Is played in which you pay $8 to play, and you will receive $3000 if you win( in addition to getting your
Suppose a game Is played in which you pay $8 to play, and you will receive $3000 if you win( in addition to getting your $8 back). The casino has a 99.94% chance of winning, and you play the game 600 times. What is the expected value of the game to the casino
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Authors: Richard D De Veaux, Paul D Velleman, David E Bock
4th Edition
