Re: Econ HW - Expected Value
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Think about it like this: you get the number of dollars as the dice rolls (i.e. a roll of 4= $4).
What is the expected value of one roll (in dollars)?
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Ok, that makes sense. Maybe I'm thinking too much in probabilities?
How would this relate to the EV of a flip of a coin? Could you show me that? I know it's .5, but I'd like to see how we do that too.
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