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A gambler plays a game that allows him to win a dollar when a coin flip turns up heads or to lose a dollar when tails turns up.
A gambler plays a game that allows him to win a dollar when a coin flip turns up heads or to lose a dollar when tails turns up. Construct a box model to represent this system—one box representing the net outcome of 4 successive trials of the system. What is the expected value of the numbers in this box?