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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