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Posted: September 12th, 2023
it cost $1 to play the duck game at the violet festival
it cost $1 to play the duck game at the violet festival. there are 15 ducks and 5 of them are marked as "prize" ducks (if a prize duck is selected, the player gets a prize that is worth $0.50). Find the expected value if the amount won/lost each time the game is played. Is this a profitable game for the festival?Explain.
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