Thread: Econ HW - Expected Value
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Old 10-23-2007, 12:13 AM
ItalianFX ItalianFX is offline
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Default Re: Econ HW - Expected Value
Say we have a two-sided disc with a 1 and 2. If we flip the disc, the probability of getting a 1 or 2 is 1/2. Taking the example of the die, then the EV of flipping the disc would be 1(.5)+2(.5) = 1.5, correct?
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