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You're a contestant on a TV game show. In the final round of the game, if contestants answer a question correctly, they will increase their
You're a contestant on a TV game show. In the final round of the game, if contestants answer a question correctly, they will increase their current winnings of $3 million to $5 million. If they are wrong, their prize is decreased to $2,250,000. You believe you have a 10% chance of answering the question correctly.
Ignoring your current winnings, your expectedpayofffrom playing the final round of the game show is
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