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Use Expected Value To Find Expected Payoffs

You are rolling a fair six-sided die. If it lands on an even number, you win $12, and if it lands on an odd number, you lose $8. What is the expected payoff?

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In a series of basketball free throws, if you make a basket, you win $5, and if you miss, you lose $2. What is the expected payoff if you take 10 shots with a 70% success rate?

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In a game, you draw two cards from a standard deck without replacement. If you draw a red card on the first draw, you win $15, and if not, you lose $5. What is the expected payoff?

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In a game, you roll a fair six-sided die. If it lands on 6, you win $30, and if it lands on any other number, you lose $10. What is the expected payoff?

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You are playing a game where you roll two fair six-sided dice. If the sum is 7, you win $20, and if not, you lose $10. What is the expected payoff?

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In a game, you draw three cards from a standard deck without replacement. If you draw two black cards and one red card, you win $30, and if not, you lose $15. What is the expected payoff?

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You are playing a game where you flip a fair coin. If it lands heads, you win $15, and if it lands tails, you lose $10. What is the expected payoff?

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In a game, you draw a card from a standard deck without replacement. If you win $20 for drawing an ace and lose $5 for any other card, what is the expected payoff?

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You are playing a game where you draw two cards from a standard deck without replacement. If both cards are hearts, you win $25, and if not, you lose $15. What is the expected payoff?

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You are playing a game where you flip a biased coin. If it lands heads, you win $25, and if it lands tails, you lose $12. What is the expected payoff if the probability of getting heads is 0.6?

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