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Time left 1:22:11 If a fair coin is flipped and a head results, a prize of $300 is returned. If a tail results, then a
Time left 1:22:11 If a fair coin is flipped and a head results, a prize of $300 is returned. If a tail results, then a penalty (loss) of $200 is incurred. The expected value (long-term average payout) of the coin flip is: Select one: a. $300 b. $250 c. $100 d. $50
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