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Suppose you pay $0.40 to roll a fair 10-sided die with the understanding that you will...

Suppose you pay $0.40 to roll a fair 10-sided die with the understanding that you will get $1.10 back for rolling a 1. Otherwise, you get no money back. What is your expected value of gain or loss? Round your answer to the nearest cent (i.e. 2 places after the decimal point), if necessary. Do NOT type a "$" in the answer box.

Expected value of gain or loss: $

Math   Statistics-And-Probability   
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