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A Los Vegas slot machine requires 25 cents to play. It gives payouts, per play, based on the following probabilities:
Pay out in $
0.00
0.25
1.00
10.00
Probability
0.88
0.08
0.03
0.01
What is the expected amount of money gained per play from this slot machine?
- 0.10
- 0.01
0
0.04
0.15
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