What is the expected value of the game

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In a game of chance, the probability of winning $50 is 60 percent and the probability of losing $50 is 40 percent. What is the expected value of the game?

Reference no: EM131310994

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What is the expected value of the game : In a game of chance, the probability of winning $50 is 60 percent and the probability of losing $50 is 40 percent. What is the expected value of the game?

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