uppose you pay $0.30 to roll a fair 8-sided die with the understanding that you will get $0.70 back for rolling a 1, 2, 3, 4, or 5. Otherwise, you get no money back. What is your expected value of gain or loss? Round your answer to the nearest cent (i.e. 2 places after the decimal point), if necessary. Do NOT type a "$" in the answer box. Expected value of gain or loss:

uppose you pay $0.30 to roll a fair 8-sided die with the understanding that you will get $0.70 back for rolling a 1, 2, 3, 4, or 5. Otherwise, you get no money back. What is your expected value of gain or loss? Round your answer to the nearest cent (i.e. 2 places after the decimal point), if necessary. Do NOT type a "$" in the answer box. Expected value of gain or loss:

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section: Chapter Questions

Problem 35T

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