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October 24, 2014

October 24, 2014

Posted by **Shelagh** on Wednesday, June 18, 2014 at 6:58pm.

- Math -
**MathMate**, Thursday, June 19, 2014 at 6:29amCalculate the product of the net gain (i.e. gain minus the bet of $3) and the probability of each outcome.

Add all the products to get the expectation of the game.

Note that the probabilities of all the outcomes must add up to exactly 1.0

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