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November 20, 2014

November 20, 2014

Posted by **Anonymous** on Friday, March 22, 2013 at 3:18pm.

- Math -
**Reiny**, Friday, March 22, 2013 at 5:18pmprob of winning = 1/200

expected value

= (1/200)(500) + (1/200)(250)

= 3.75

Since you are paying $5.00 to play, the expected outcome is a loss of $1.25

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