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Author Question: A game is said to be "fair" if the expected value for winnings is 0, that is, in the long run, the ... (Read 109 times)

SO00

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on: Apr 7, 2020
A game is said to be "fair" if the expected value for winnings is 0, that is, in the long run, the player can expect to win 0. Consider the following game. The game costs $1 to play and the payoffs are $5 for red, $3 for blue, $2 for yellow, and nothing for white. The following probabilities apply. What are your expected winnings? Does the game favor the player or the owner?
Introductory Statistics ¦ Weiss ¦ 10th Edition
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Marked as best answer by SO00 on Apr 7, 2020

sierramartinez

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Reply #1 on: Apr 7, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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SO00

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Reply 2 on: Apr 7, 2020
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
:D TYSM

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