Miami College STA2023 Discussion 5 Latest 2021 November

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Question

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STA2023 Statistical Methods

Discussion 5

Imagine yourself at a fair playing one of the midway games. Pick a game and calculate the expected value and post your results along with how you calculated them. For example, you may decide to throw a basketball to try to win a $10 bear. You paid $2.00 for three shots.  What is the expected value? (Please do not use this example in your answer)

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