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Mathematical Expectation (Expected Value)

Mathematical Expectation (Expected Value). Choose an occupation: a. Janitor – pays $200/payday b. Librarian – pays $300/payday c. Programmer – pays $400/payday d. Banker – pays $500/payday. Mathematical Expectation (Expected Value). Choose an occupation:

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Mathematical Expectation (Expected Value)

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  1. Mathematical Expectation(Expected Value) Choose an occupation: a. Janitor – pays $200/payday b. Librarian – pays $300/payday c. Programmer – pays $400/payday d. Banker – pays $500/payday

  2. Mathematical Expectation(Expected Value) Choose an occupation: a. Janitor – pays $200/payday b. Librarian – pays $300/payday c. Programmer – pays $400/payday d. Banker – pays $500/payday but how often is the payday?

  3. Payday depends upon rolling two dice

  4. So What’s the Probability of a Payday?

  5. How Much Do I Make on Average per Turn?

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