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In: Statistics and Probability

You need to create game with 4 or more outcomes using a Hypergeometric situation and adjust...

You need to create game with 4 or more outcomes using a Hypergeometric situation and adjust the point values so that a cost of 10 points would make the game profitable.

Compare the method of calculating expected value with the table to the formula for hypergeometric presented in this activity. What are the pros and cons of each.

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