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Calculating Expected Values for Games

Calculating Expected Values for Games. Consider the game of Chuk-A-Luck. You put down $1and bet on a number from 1 to 6. I roll three die. If your number; -Doesn’t come up, I take your dollar. -Comes up once, I pay you $1. -Comes up twice, I pay you $2.

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Calculating Expected Values for Games