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Find the expected value of the proposition.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.7: Probability

Problem 70E: Determine if the statement is true or false. If the statement is false, then correct it and make it...

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Question

Suppose a basketball player has made 213 out of 427 free throws. If the player makes the next 2 free throws, I will pay you $115. Otherwise you pay me $37. Step 1 of 2 : Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.

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