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Expected Value of Game

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Suppose that a particular game involves throwing a six-sided dice. When the player throws a 1, she wins $90. Otherwise, for any other outcome (2-6) she loses $12. What is the expected value of this game?

1 $90
2 $-12
3 $-12
4 $-12
5 $-12
6 $-12.

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https://brainmass.com/economics/finance/expected-value-game-186391

Solution Summary

The solution determines the expected value of the game.

$2.19