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What is the value of having the ball

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Reference no: EM131115618

One-yard football. The team with the ball has 0.1 probability of losing a yard (and losing the game), 0.7 probability of no gain, and 0.2 probability of gaining a yard and winning. Winning has a payoff of 1 while losing has a value of -1. No gain results in a turnover. What is the value of having the ball?

Reference no: EM131115618

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