1) A study of consumer smoking habits includes …

7) A game is said to be "fair" if the expected value for winnings is 0, that is, in the long . run, the player can expect to win 0. Consider the following game. The game costs $1 . to play and the winnings (payoff minus your bet) are $5 for red, $3 for blue, $2 for . yellow, and nothing for white. The following probabilities apply. What are your ................
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