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In a game you pay 2 to play per game it is possible to win

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In a game, you pay $2 to play per game. it is possible to win $2, $4, or $8 with respective probabilities 75/216, 20/216, 1/216.

a. what is the probability that you win nothing?
b. what is the expected payoff for this game? (on average how much money you can make or lose per game)

Reference no: EM13577989

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