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Posted on Jul 23, 2024

what would the expected wealth be on a bet that you wager $ 1 0 0 . If you win it pays $ 2 0

what would the expected wealth be on a bet that you wager $

100 .

If you win it pays $

200

and if you lose it pays nothing. With a

50 / 50

chance of either happening, what is the expected wealth?

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