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You are playing a game with a standard 6-sided die. You pay $5 to play. If you roll a 1 or a 2, you will
You are playing a game with a standard 6-sided die. You pay $5 to play. If you roll a 1 or a 2, you will win $10. If you roll anything else, you get nothing. What is your expected payoff?
a. $1.67
b. - $1.67
c. $3.33
d. - $3.33
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