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Find the Expected Value

Question 39

Multiple Choice

Find the expected value.
-A fair coin is tossed three times,and a player wins $3 if 3 tails occur,wins $2 if 2 tails occur and loses $3 if no tails occur.If one tail occurs,no one wins.What is the expected value of the games?


A) $2.00
B) -$3.00
C) $3.00
D) $0.75

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