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In the game of craps, two dice are rolled, and people bet on the outcome. For example, you can bet $1 that the dice will total 11. The probability that you win is , and if you win, your profit is $15.
If you lose, you lose $1. What is the expected value of your profit?
Sit-down Restaurant
A dining establishment where customers are seated and served by waitstaff, offering a more formal dining experience compared to fast-food or counter-service restaurants.
Net Present Value
A financial metric that calculates the present value of the expected equity of cash flows, considering the time value of money.
Analysis Results
The outcomes or findings of a systematic examination or evaluation, often related to financial data or company performance.
Net Present Value Rule
A financial metric for evaluating the profitability of an investment, measuring the difference between the present value of cash inflows and the present value of cash outflows over time.
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