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What is the expected value of game to you

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Reference no: EM132391459

Suppose someone gives you 8 to 2 odds that you cannot roll two even numbers with the roll of two fair dice. This means you win $8 if you succeed and you lose $2

What is the expected value of this game to you?

What can you expect if you play 100 times?

Averaged over 100 games, you should expect to win or lose $____

Reference no: EM132391459

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