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QUESTION

You are given 8 to 1 odds against rolling a sum of 7 with the roll of two fair dice, meaning you win $8 if you succeed and you lose $1 if you fail....

You are given 8 to 1 odds against rolling a sum of 7 with the roll of two fair dice, meaning you win $8 if you succeed and you lose $1 if you fail. Find the expected value (to you) of the game.

A) $0.50

B) $0.18

C) $0

D) $1.33

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