A los vegas slot machine requires 25 cents to play it gives, Ask an Expert

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A Los Vegas slot machine requires 25 cents to play. It gives payouts, per play, based on the following probabilities:

Pay out in $	0.00	0.25	1.00	10.00
Probability	0.88	0.08	0.03	0.01

What is the expected amount of money gained per play from this slot machine?

- 0.10

- 0.01

0.04

0.15

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91002412

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