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Mathematics, 15.05.2021 01:00 valeriekbueno
At a festival you run across a booth with an interesting game. Tokens are sold for $2 with a selection of prizes. There is a $25 grand prize which you have a 5% chance of winning, there are 5 mid-level prizes, each worth $15 with a 15% chance of winning, and there is a consolation prize worth $1 with a 20% chance of winning. What is your expected gain or loss if you play this game
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At a festival you run across a booth with an interesting game. Tokens are sold for $2 with a selecti...
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