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geometry

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Expected value If on a $1 bet, Paul Goldstein's expected value is 0.30, what is Paul's expected value on a $5
bet. I got 1.50 but my teacher said it wasn't correct.

  • geometry -

    expected value on $1 is .30
    expected value on $5 is 5(.30) = $1.50

    You are correct!

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