document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1076567>Question 1076567</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Suppose you make a dollar bet on a game in which there is a 1 in 5 chance to win. If you win, you win two dollars. \r<BR>\n" );
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document.write( "On average, you will lose playing this game and each play costs you _______cents. If you play 200 times, you can expect to lose around_____ dollars. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #691190 by </B><A HREF=/tutors/aboutme.mpl?userid=FrankM><B>FrankM(1040)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=FrankM><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=FrankM><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=691190\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A 1 in 5 change of winning $2 is worth 40 cents. If you pay $1 for this, each play costs you 60 cents. i.e. you lose 60 cents per game average. \r<BR>\n" );
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document.write( "Play 200 times, lose $120. \r<BR>\n" );
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document.write( "To confirm, 200 games should win approx (bell curve for actual results) 40 times.<BR>\n" );
document.write( "40 wins = $80 returned, or $120 loss. \r<BR>\n" );
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document.write( "Note, this was from some time ago, but I just saw a note that the teacher says the loss is $80. \r<BR>\n" );
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document.write( "On 200 plays, on average one in five wins or 40 wins. 40 wins is 40 x $2 = $80 returned. Therefore $120 lost. This is not difficult, we all (even teachers) make mistakes.  </SPAN>\n" );
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