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In the Game of Craps, Two Dice Are Rolled, and People

question 64

Multiple Choice

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 118\frac { 1 } { 18 } , and if you win, your profit is $15.
If you lose, you lose $1. What is the expected value of your profit?


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