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QUESTION

Suppose a basketball player has made 282 out of 393 free throws. If the player makes the next 2 free throws, I will pay you $6. Otherwise you pay me...

Suppose a basketball player has made 282 out of 393 free throws. If the player makes the next 2 free throws, I will pay you $6. Otherwise you pay me $8. Find the expected value of the proposition. Round your answer to two decimal places. Losses must be expressed as negative values.

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