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Home> > Assessment Test 2 Timelimit: 1 hour, 15 minutes. 1:12:50 remaining.D] Questions Score on last attempt0 out of 1 Score in gradebook: out of 1 Ivanothr similar question, reattempt last question below, or select another question. 4101) Supposed a certain game is fair and costs $6 if you lose and has a net payoff of $4 if you win. The only possible outcomes of the game are winning and losing. What is the probability of winning? 97 (01) Preview Points possible: 1 This is attempt 2 of 2 Score on last attempt 0. Score in gr 10(1) 13 (o1) Grade: 0/13 Submit When you are done. click here to see asummary of your scores.

Explanation / Answer

We know, the game is fair.

Number of possible outcomes = 2   (Winning and losing)

Probability of winning = 1/2 = 0.5

Probability of winning = 0.5

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