What is expected net winnings

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A game of chance involves rolling a 12-sided die once. If a number from 1 to 3 comes up, you win 2 dollars. If the number 4 or 5 comes up, you win 7 dollars. If any other number comes up, you lose. If it costs 3 dollars to play, what is your expected net winnings?

Reference no: EM132384837

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