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A game of chance at the carnival costs $4 to play. The player picks a number between 1 and 6 and then three dice are rolled. If the number picked shows on all three dice the player wins $19. If the number picked shows on two of the dice then the player wins $13. If the number shows up once, $9 is won, and if it doesn't show up at all the player owes another $4. What is the player's expected value for this game?
Psychological Test
A standardized instrument or systematic procedure designed to measure a specific aspect of an individual's behavior and mental processes.
Accumulated Knowledge
The total information and skills gained over time through learning or experience.
Intelligence
The ability to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one’s environment.
General Learning
The process of acquiring knowledge or skills through experience, study, or being taught.
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