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Expected profit or loss if you play this game

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Reference no: EM132402280

A bag contains 2 gold marbles, 6 silver marbles, and 22 black marbles. The rules of the game are as follows: You randomly select one marble from the bag. If it is gold, you win $5, if it is silver, you win $4. If it costs $1 to play, what is your expected profit or loss if you play this game?

Reference no: EM132402280

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