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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