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01-02-2017
Mathematics

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Abe is a big gambler. He is equally likely to win, lose, or break even. When he loses, his loss is $1000. When he wins, he either makes $500 or $1000 with equal probability. How much money does Abe win or lose on average?

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01-02-2017

Your current choice should be: Abe wins $83.

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