Question

suppose a basketball player has made 234 out of 305 free throws. id the player makes...

suppose a basketball player has made 234 out of 305 free throws. id the player makes the next 3 free throws I will pay you $10. otherwise you pay me $7.

step 1: find the expected value of the proposition.

step2: if you played this game 615 how much would you expect to win or lose?

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