betterbusinessessent betterbusinessessent
  • 15-03-2024
  • Mathematics
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Suppose that a person won the Florida lottery and was offered a choice of two prizes: (1) $500,000 or (2) a coin-toss gamble in which he or she would get $100,000 for heads and zero for tails.

What is the expected dollar return on the gamble?

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